Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Shanghai Conant Optical Co. Ltd. Class H ( (HK:2276) ) is now available.
Shanghai Conant Optical Co., Ltd., through its wholly owned subsidiary Asahi Lite, is expanding its presence in advanced eyewear technologies, concentrating on prescription lenses and optoelectronic components tailored for smart glasses and immersive-reality devices. The company has entered into a joint venture agreement with Goertek Optical to establish a new entity focused on R&D, production and sales of prescription lenses for smart glasses, waveguide eyepieces (with and without myopia correction), and electrochromic and eye-tracking optoelectronic eyepiece components for AI/AR/VR/MR glasses, with an initial registered capital of US$1 million, 30% funded by Asahi Lite and 70% by Goertek Optical. As Goertek Inc. is a substantial shareholder of Shanghai Conant Optical, the deal is classified as a connected transaction under Hong Kong listing rules, triggering reporting and announcement requirements but exempting the company from circular and independent shareholders’ approval, signaling a strategically important yet relatively small-scale step to deepen its role in next-generation smart eyewear alongside a key shareholder-partner.
The most recent analyst rating on (HK:2276) stock is a Hold with a HK$66.00 price target. To see the full list of analyst forecasts on Shanghai Conant Optical Co. Ltd. Class H stock, see the HK:2276 Stock Forecast page.
More about Shanghai Conant Optical Co. Ltd. Class H
Shanghai Conant Optical Co., Ltd. is a PRC-based optical company focused on the research, development, production and sale of lenses, including prescription lenses, with a growing emphasis on advanced applications for smart glasses and related optoelectronic components used in AI/AR/VR/MR eyewear.
Average Trading Volume: 1,883,284
Technical Sentiment Signal: Hold
Current Market Cap: HK$28.99B
Learn more about 2276 stock on TipRanks’ Stock Analysis page.