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Hong Kong Aerospace Technology Group Limited ( (HK:1725) ) has issued an update.
USPACE Technology Group Limited, through its wholly-owned subsidiary Guangdong Qingyu Intelligent Technology Co., Ltd., has entered into a memorandum of understanding for a potential investment and merger and acquisition of 51% of Zhejiang Yuehua Telecommunication Co., Ltd. This move is part of USPACE’s strategic expansion in the telecommunications and cable production industry, with due diligence processes set to be completed within 90 days. The Subject Company specializes in various cable productions and holds significant national certifications, indicating a strong market position in the PRC.
The most recent analyst rating on (HK:1725) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Hong Kong Aerospace Technology Group Limited stock, see the HK:1725 Stock Forecast page.
More about Hong Kong Aerospace Technology Group Limited
Average Trading Volume: 8,422,716
Technical Sentiment Signal: Hold
Current Market Cap: HK$604.1M
For an in-depth examination of 1725 stock, go to TipRanks’ Overview page.