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Kingbo Strike Ltd. ( (HK:1421) ) has shared an announcement.
Prosperity Group International Limited has announced the formation of a joint venture (JV) with Earn Best International and Huge Act to focus on high-end perovskite equipment in China. The JV Company will be an investment holding entity, with Huge Act owning 51% and Earn Best International owning 49%. The JV partners will provide a combined US$5 million in shareholder loans to support the business operations of XinRuiTeng, the operational arm of the JV Group. This strategic move is expected to enhance the company’s positioning in the high-tech equipment sector in China.
The most recent analyst rating on (HK:1421) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Kingbo Strike Ltd. stock, see the HK:1421 Stock Forecast page.
More about Kingbo Strike Ltd.
Average Trading Volume: 490,755
Technical Sentiment Signal: Sell
Current Market Cap: HK$63.4M
Learn more about 1421 stock on TipRanks’ Stock Analysis page.