Q Technology Expands Stake in poLight ASA to Enhance Optical Module Capabilities

Q Technology (Group) Co ( (HK:1478) ) has shared an update.

Q Technology (Group) Co., Ltd. has completed a private placement with poLight ASA, a Norwegian company, acquiring approximately 32.97% of its shares, making it the largest single shareholder. This strategic partnership aims to leverage both companies’ technological strengths and expand Q Technology’s optical module applications into new markets, enhancing its industry presence and operational capabilities.

The most recent analyst rating on (HK:1478) stock is a Buy with a HK$7.10 price target. To see the full list of analyst forecasts on Q Technology (Group) Co stock, see the HK:1478 Stock Forecast page.

More about Q Technology (Group) Co

Q Technology (Group) Co., Ltd. operates in the technology industry, focusing on the development and production of camera modules primarily used in intelligent mobile terminals such as smartphones and tablets, smart vehicles, and IoT devices. The company is actively expanding its product applications into new areas such as VR/AR/MR, robotics, drones, and industrial cameras.

Average Trading Volume: 6,604,815

Technical Sentiment Signal: Buy

Current Market Cap: HK$7.73B

See more data about 1478 stock on TipRanks’ Stock Analysis page.