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The latest announcement is out from New Focus Auto Tech Holdings ( (HK:0360) ).
New Focus Auto Tech Holdings Limited announced that its subsidiary, New Focus Lighting & Power (Shanghai), has fully repaid the financing funds under a factoring contract with Tianjin Zhongcai Commercial Factoring Co., Ltd. As a result of this repayment, the guarantees provided by its subsidiaries for the factoring financing have been automatically discharged, which could positively impact the company’s financial stability and operational flexibility.
More about New Focus Auto Tech Holdings
New Focus Auto Tech Holdings Limited is a company incorporated in the Cayman Islands, operating in the automotive technology industry. The company, along with its subsidiaries, focuses on providing automotive products and services, with a market presence in regions including Shanghai, Beijing, and Qingdao.
YTD Price Performance: 4.08%
Average Trading Volume: 4,769,859
Technical Sentiment Signal: Sell
Current Market Cap: HK$878.1M
For a thorough assessment of 0360 stock, go to TipRanks’ Stock Analysis page.