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Link-Asia International Medtech Group Ltd. ( (HK:1143) ) has provided an announcement.
China Energy Storage Technology Development Limited has announced the establishment of a new wholly-owned subsidiary, Telefield (Cambodia) Electronic Company Limited (TCE), in Cambodia. This strategic move aims to capitalize on tax benefits for importing materials from China and exporting products to the US, with an investment of approximately USD 5 million planned over the next 12 months. The company expects mass production to commence by the end of 2025, potentially expanding its customer base in the US market.
More about Link-Asia International Medtech Group Ltd.
China Energy Storage Technology Development Limited, formerly known as Link-Asia International MedTech Group Ltd., operates in the electronic manufacturing services (EMS) industry. The company focuses on leveraging tax benefits for importing raw materials and exporting EMS products, particularly targeting the US market.
Average Trading Volume: 884,155
Technical Sentiment Signal: Sell
Current Market Cap: HK$94.2M
See more insights into 1143 stock on TipRanks’ Stock Analysis page.