Leoch International Technology Limited (HK:0842) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.