FIT Hon Teng Limited (HK:6088) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
FIT Hon Teng Limited’s subsidiary, FIT Singapore, has entered into a share subscription agreement to invest $50 million in a new joint venture, Smart Mobility SJSC. This strategic move will see FIT Singapore holding 50% ownership of the JV, which will be integrated into the company’s financials. Investors are advised to remain cautious when dealing with the company’s securities.
For further insights into HK:6088 stock, check out TipRanks’ Stock Analysis page.