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The latest update is out from Precision Tsugami (China) Corp. Ltd. ( (HK:1651) ).
Precision Tsugami (China) Corp. Ltd. announced that its controlling shareholder, Tsugami Japan, will include additional financial information in its Annual Securities Report following the adoption of IFRS. While both entities use the same accounting standards, differences in consolidation mean their financial results are not directly comparable. This update provides stakeholders with a clearer understanding of the financial dynamics within the group, highlighting the company’s significant role in the group’s overall performance.
More about Precision Tsugami (China) Corp. Ltd.
Precision Tsugami (China) Corp. Ltd. operates in the manufacturing industry, focusing on the production and sales of machine tools and castings primarily in China. The company is a significant subsidiary of Tsugami Japan and plays a vital role in the group’s operations, with a substantial portion of its sales contributing to the consolidated net sales.
Average Trading Volume: 2,830,790
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.74B
Find detailed analytics on 1651 stock on TipRanks’ Stock Analysis page.