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New Focus Auto Tech Holdings ( (HK:0360) ) has shared an update.
New Focus Auto Tech Holdings Limited announced a capital increase agreement with Zhongrong Juxin, where the latter will inject RMB100 million into New Focus Lighting & Power (Shanghai) for a 10% equity interest. This transaction, classified as a deemed disposal, will reduce the company’s stake in the subsidiary from 100% to 90%, but New Focus Lighting & Power will remain a consolidated subsidiary, ensuring continued financial integration with the parent company.
More about New Focus Auto Tech Holdings
New Focus Auto Tech Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the automotive industry. The company focuses on providing automotive products and services, with a particular emphasis on lighting and power solutions through its subsidiary, New Focus Lighting & Power (Shanghai).
YTD Price Performance: -8.16%
Average Trading Volume: 3,597,492
Technical Sentiment Signal: Sell
Current Market Cap: HK$774.8M
See more insights into 0360 stock on TipRanks’ Stock Analysis page.