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The latest announcement is out from Sun.King Technology Group Limited ( (HK:0580) ).
Sun.King Technology Group Limited announced a supplemental disclosure regarding the deemed disposal of equity interest in Sunking Semiconductor and the acquisition of equity interest in Hunan Hong’an. The subscription price for the transaction was determined based on market position, investor assessments, and expected synergies without conducting a formal valuation, as the directors have sufficient knowledge and experience in the business. The transaction reflects strategic positioning and operational adjustments within the company, aimed at optimizing its market presence and stakeholder value.
More about Sun.King Technology Group Limited
Sun.King Technology Group Limited operates in the semiconductor industry, focusing on the development and management of semiconductor technologies through its subsidiary, Sunking Semiconductor. The company is positioned to leverage synergies and market opportunities within this sector.
Average Trading Volume: 5,686,728
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.58B
Learn more about 0580 stock on TipRanks’ Stock Analysis page.