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An update from FST Corp ( (KBSX) ) is now available.
FST Corp., a company involved in a business combination with Chenghe Acquisition I Co. and Femco Steel Technology Co., Ltd., has announced a significant step in its acquisition strategy. On March 10, 2025, the board approved a share transfer agreement to acquire the remaining 0.66% of Femco’s shares, making Femco a wholly-owned subsidiary. This transaction, subject to regulatory approval, is expected to enhance FST Corp.’s market position by consolidating its control over Femco, thereby potentially impacting stakeholders positively by streamlining operations and expanding its market reach.
More about FST Corp
YTD Price Performance: -59.27%
Average Trading Volume: 58,777
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $27.14M
For an in-depth examination of KBSX stock, go to TipRanks’ Stock Analysis page.