FIT Hon Teng Limited (HK:6088) has released an update.
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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.