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FIT Hon Teng Limited ( (HK:6088) ) has issued an update.
FIT Hon Teng Limited announced the termination of a transaction involving the sale of shares in Autotalks to K2 Acquisition for US$15 million due to a failure to obtain necessary regulatory approvals. This termination means the company will not realize the expected gain of US$5 million from the transaction, potentially impacting its financial projections and stakeholder expectations.
More about FIT Hon Teng Limited
FIT Hon Teng Limited, also known as Foxconn Interconnect Technology Limited, operates in the technology and electronics industry, focusing on interconnect solutions and related products. The company conducts its business primarily in Hong Kong.
Average Trading Volume: 44,725,012
Technical Sentiment Signal: Sell
Current Market Cap: HK$14.6B
For detailed information about 6088 stock, go to TipRanks’ Stock Analysis page.