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The latest update is out from Sinomax Group Ltd. ( (HK:1418) ).
Sinomax Group Ltd., through its subsidiary Sinomax USA, has entered into an agreement to acquire intellectual property from Kimberly, a Delaware-based company, for US$4.6 million. This acquisition, classified as a discloseable transaction under Hong Kong’s Listing Rules, involves the transfer of various IP rights related to household goods and accessory products, potentially enhancing Sinomax’s market position and operational capabilities.
More about Sinomax Group Ltd.
Sinomax Group Ltd. is a company incorporated under the laws of the Cayman Islands, primarily involved in the design, marketing, manufacturing, distribution, and sale of household goods and accessory products, including bedding and furniture.
Average Trading Volume: 309,806
Technical Sentiment Signal: Buy
Current Market Cap: HK$481.3M
See more data about 1418 stock on TipRanks’ Stock Analysis page.