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Sinomax Group Ltd. ( (HK:1418) ) has issued an update.
Sinomax Group Ltd. has announced the acquisition of intellectual property, transitioning from a licensee to a brand owner by purchasing the brand outright for US$4.6 million. This strategic move eliminates ongoing royalty obligations and grants Sinomax full control over brand usage, marketing, and expansion, with an expected annual return of approximately 17.39%. The acquisition is considered fair and beneficial for the company and its shareholders, with the purchase price expected to be settled by November 25, 2025.
More about Sinomax Group Ltd.
Sinomax Group Ltd. operates in the manufacturing industry, focusing on the production and distribution of polyurethane-based products, including pillows, mattresses, and mattress toppers. The company is known for its emphasis on innovative sleep solutions and has a significant market presence in the United States and other international markets.
Average Trading Volume: 282,871
Technical Sentiment Signal: Buy
Current Market Cap: HK$542.5M
For detailed information about 1418 stock, go to TipRanks’ Stock Analysis page.