The latest announcement is out from Time Interconnect Technology Limited ( (HK:1729) ).
Time Interconnect Technology Limited has announced the renewal of its existing agreements with Luxshare Precision, including the Master Supply, Purchase, and Subcontracting Agreements. Additionally, the company has entered into a new Equipment Purchase Agreement with Luxshare Precision, valued at up to HK$90,000,000. These transactions, involving Luxshare Precision as a controlling shareholder, are categorized as continuing connected transactions under the Hong Kong Listing Rules. While these transactions require reporting and announcement, they are exempt from independent shareholders’ approval. The agreements are expected to enhance the company’s operational capabilities and strengthen its market position.
More about Time Interconnect Technology Limited
Time Interconnect Technology Limited operates in the technology sector, focusing on providing advanced interconnect solutions. The company specializes in the production and supply of high-quality electronic components and equipment, serving a diverse range of industries with a particular emphasis on precision and innovation.
YTD Price Performance: 27.74%
Average Trading Volume: 3,539,271
Technical Sentiment Signal: Sell
Current Market Cap: HK$10.24B
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