Leoch International Technology Limited (HK:0842) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Leoch International Technology Limited is expanding its production capacity by purchasing production facilities from Guangdong Marshell for around RMB50.8 million. The acquisition, driven by increasing overseas demand for its battery products, is classified as a connected transaction due to the ownership ties with the company’s Chairman. This move aims to support the company’s growing production needs efficiently.
For further insights into HK:0842 stock, check out TipRanks’ Stock Analysis page.