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FIT Hon Teng Limited ( (HK:6088) ) has provided an announcement.
FIT Hon Teng Limited announced a strategic investment through its subsidiary New Wing Interconnect Technology (Bac Giang) Co., Ltd., entering a joint venture with Goertek Electronics Vietnam Co. Ltd. The agreement involves an injection of US$50 million, granting New Wing a 25% stake, while the rest is owned by an independent third party. This investment highlights the company’s strategic expansion efforts and potential growth in the electronics sector, although it does not meet the criteria of a notifiable transaction under Hong Kong’s listing rules.
More about FIT Hon Teng Limited
FIT Hon Teng Limited, also known as Foxconn Interconnect Technology Limited, operates in the technology and electronics industry. The company focuses on providing interconnect solutions and related products, serving various clients in the technology sector.
YTD Price Performance: 1.64%
Average Trading Volume: 37,343,989
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$25.43B
For detailed information about 6088 stock, go to TipRanks’ Stock Analysis page.
