Huazhong In-Vehicle Expands Equity Stake in Subsidiary

Huazhong In-Vehicle Holdings Company Limited ( (HK:6830) ) has provided an announcement.

Huazhong In-Vehicle Holdings Company Limited has executed a Share Purchase Agreement to acquire a 15% equity interest in one of its non-wholly-owned subsidiaries, increasing its total ownership to 80%. This acquisition, valued at EUR4.5 million, aims to consolidate the company’s control over the subsidiary, potentially enhancing its operational capabilities and market positioning within the automotive sector.

More about Huazhong In-Vehicle Holdings Company Limited

Huazhong In-Vehicle Holdings Company Limited operates in the automotive industry, focusing on the provision of in-vehicle components and systems. Its primary products and services cater to the needs of automobile manufacturers and related markets.

YTD Price Performance: -5.91%

Average Trading Volume: 1,770,915

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$311.4M

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