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An update from Kingbo Strike Ltd. ( (HK:1421) ) is now available.
Prosperity Group International Limited has announced the formation of a joint venture, XinRuiTeng, which will focus on producing high-end perovskite thin-film deposition equipment in China. This venture aims to capitalize on the growing interest in perovskite batteries, known for their efficiency and cost-effectiveness, by establishing a production and research center in Longyou County. The joint venture will procure key components from external suppliers and assemble them into high-precision coating equipment for sale to manufacturers of flexible perovskite batteries. The financial structure involves contributions from Huge Act and Earn Best International, with Huge Act managing daily operations, highlighting a strategic move to strengthen the company’s position in the evolving photovoltaic technology sector.
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.
Prosperity Group International Limited, incorporated in the Cayman Islands, operates in the high-end perovskite equipment industry through its joint venture, XinRuiTeng. The company focuses on research, development, manufacturing, and sales of advanced perovskite thin-film deposition equipment, targeting the photovoltaic technology market in China.
Average Trading Volume: 813,750
Technical Sentiment Signal: Hold
Current Market Cap: HK$115.1M
See more insights into 1421 stock on TipRanks’ Stock Analysis page.