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Wai Chi Holdings Co., Ltd. ( (HK:1305) ) has issued an update.
Wai Chi Holdings Co., Ltd. has announced that its subsidiary, Shenzhen Wai Chi, has entered into a non-legally binding letter of intent with CICC Zhanxin Venture Investment for a potential investment ranging from RMB30 million to 50 million. This investment aims to enhance Shenzhen Wai Chi’s business development by reinforcing production capabilities, adopting new technologies, and launching new production lines. The announcement indicates the company’s strategic move to strengthen its market position and growth potential, although the final terms of the investment are still under negotiation and may differ from the initial intent.
More about Wai Chi Holdings Co., Ltd.
Wai Chi Holdings Co., Ltd. is an investment holding company incorporated in the Cayman Islands, listed on the main board of The Stock Exchange of Hong Kong Limited. The company, through its subsidiaries, is primarily engaged in the manufacturing, trading, and sales of LED backlight and lighting products, as well as semiconductor memory chips. Its subsidiary, Shenzhen Wai Chi, focuses on the manufacture and sale of LED lighting products and sourcing business.
Average Trading Volume: 353,842
Technical Sentiment Signal: Sell
Current Market Cap: HK$180.2M
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