Chuo Spring Co., Ltd. (JP:5992) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Chuo Spring Co., Ltd. has announced the conclusion of a joint venture agreement with STUMPP SCHUELE & SOMAPPA SPRINGS, establishing ‘SSS Chuhatsu Precision Springs Private Limited’ in India. Slated to begin operations in early September 2024, the venture will focus on the manufacture and sale of precision spring products, with both companies holding an equal 50% investment share. This move is not expected to impact Chuo Spring’s consolidated profit for the fiscal year ending March 2025.
For further insights into JP:5992 stock, check out TipRanks’ Stock Analysis page.