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An update from Leoch International Technology Limited ( (HK:0842) ) is now available.
Leoch International Technology Limited has announced its decision to enter into a Product Procurement Framework Agreement with its SpinCo Group, which will become a separately listed entity on a U.S. Exchange. This agreement, effective upon the SpinCo’s listing, allows the Retained Group to manufacture and sell finished power solutions to the SpinCo Group for overseas sales. The agreement is subject to certain regulatory approvals and is considered a connected transaction under Hong Kong’s Listing Rules due to the significant shareholding of Dr. Dong, the company’s Chairman, in the SpinCo Group. The company has established an Independent Board Committee and appointed an Independent Financial Adviser to ensure compliance and provide guidance to shareholders.
The most recent analyst rating on (HK:0842) stock is a Buy with a HK$2.00 price target. To see the full list of analyst forecasts on Leoch International Technology Limited stock, see the HK:0842 Stock Forecast page.
More about Leoch International Technology Limited
Leoch International Technology Limited is a company incorporated in the Cayman Islands, primarily engaged in the manufacturing and sale of power solutions. The company focuses on providing finished power solutions to various markets, including overseas markets.
Average Trading Volume: 2,038,101
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.57B
Learn more about 0842 stock on TipRanks’ Stock Analysis page.