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Universal Technologies Holdings Limited ( (HK:1026) ) has provided an announcement.
Universal Technologies Holdings Limited has announced a potential acquisition involving the payment of earnest money for property interests in the PRC. The company, through its indirect wholly-owned subsidiary, has entered into a Framework Agreement to acquire certain properties for a consideration of up to RMB260 million. This transaction is subject to due diligence and further negotiations, and it is classified as a discloseable transaction under the Listing Rules. The acquisition, if finalized, could significantly impact the company’s operations and market positioning.
More about Universal Technologies Holdings Limited
Average Trading Volume: 457,142
Technical Sentiment Signal: Buy
Current Market Cap: HK$851.8M
For a thorough assessment of 1026 stock, go to TipRanks’ Stock Analysis page.