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FIH Mobile ( (HK:2038) ) just unveiled an announcement.
FIH Mobile Limited announced an intra-group equity interest transfer where Shenzhen Futaihong Precision Industry Co., Ltd. will acquire 62.15% of FIH Precision Electronics (LangFang) Co., Ltd. from Execustar International Limited for approximately US$305 million. This move aims to enhance decision-making efficiency within the company and aligns with its strategic development goals, with no expected adverse impact on its financial position or operations.
More about FIH Mobile
FIH Mobile Limited, incorporated in the Cayman Islands, operates in the manufacturing and sales industry, focusing on mobile communication systems, handsets, and electronic specialized equipment. The company has a significant presence in China through its subsidiaries, Shenzhen Futaihong Precision Industry Co., Ltd. and FIH Precision Electronics (LangFang) Co., Ltd.
YTD Price Performance: 55.00%
Average Trading Volume: 650
Technical Sentiment Signal: Sell
Current Market Cap: $717.4M
For a thorough assessment of 2038 stock, go to TipRanks’ Stock Analysis page.