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An update from Time Interconnect Technology Limited ( (HK:1729) ) is now available.
Time Interconnect Technology Limited has announced a major transaction involving the acquisition of the entire issued share capital of a target company, valued at HK$460,000,000. This acquisition is expected to enhance the company’s asset base, with a valuation surplus of approximately RMB135,605,000 identified in the target’s properties. The transaction is strategically significant as it aligns with the company’s focus on expanding its production capabilities, with the target company owning facilities in China and Thailand. This move is likely to strengthen Time Interconnect’s market position and offer potential growth opportunities for stakeholders.
The most recent analyst rating on (HK:1729) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Time Interconnect Technology Limited stock, see the HK:1729 Stock Forecast page.
More about Time Interconnect Technology Limited
Time Interconnect Technology Limited operates in the technology sector, focusing on the manufacturing and sales of copper wire products. The company is engaged in the production of these products without owning copper mines, procuring copper from suppliers, and ensuring their products do not use recycled copper.
Average Trading Volume: 9,593,241
Technical Sentiment Signal: Buy
Current Market Cap: HK$30.29B
See more insights into 1729 stock on TipRanks’ Stock Analysis page.