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Nanfang Communication Holdings Ltd. ( (HK:1617) ) has shared an update.
Nanfang Communication Holdings Ltd. announced a supplemental statement regarding its acquisition of lands and construction contracts, which are part of its strategy to expand production capacity in anticipation of a joint venture with Source Photonics. The company acknowledged non-compliance with certain listing rules due to a misjudgment of the transactions’ nature, but emphasized that this was unintentional and has taken remedial actions to address the issue.
More about Nanfang Communication Holdings Ltd.
Nanfang Communication Holdings Ltd. is a company incorporated in the Cayman Islands, focusing on advancing high-end products and high-value-added processes to improve profit margins, competitiveness, and long-term sustainability.
Average Trading Volume: 8,643,931
Technical Sentiment Signal: Buy
Current Market Cap: HK$219.5M
See more data about 1617 stock on TipRanks’ Stock Analysis page.