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An update from Launch Tech Co. Ltd. Class H ( (HK:2488) ) is now available.
Launch Tech Company Limited has announced a strategic initiative to assetize its equipment and explore real-world asset (RWA) applications. Leveraging its extensive experience in blockchain and automotive data, the company plans to develop technical solutions and hire additional R&D personnel to explore the feasibility of RWA applications for high-end product series. This move could potentially enhance the company’s market positioning and offer new opportunities for stakeholders, although the project is still in its preparatory stage.
More about Launch Tech Co. Ltd. Class H
Launch Tech Company Limited is a joint stock limited company incorporated in the People’s Republic of China, operating primarily in the automotive and technology sectors. The company specializes in vehicle diagnostic equipment and has a significant presence in the blockchain and automotive data industries, with over 300 blockchain-related patents and connections with over 390 million vehicles globally.
Average Trading Volume: 1,666,625
Technical Sentiment Signal: Buy
Current Market Cap: HK$4.82B
See more insights into 2488 stock on TipRanks’ Stock Analysis page.