FST Corp. Advances Acquisition of Femco with Share Transfer Agreement Approval

An update from FST Corp ( (KBSX) ) is now available.

FST Corp., a company involved in a business combination with Chenghe Acquisition I Co. and Femco Steel Technology Co., Ltd., has announced a significant step in its acquisition strategy. On March 10, 2025, the board approved a share transfer agreement to acquire the remaining 0.66% of Femco’s shares, making Femco a wholly-owned subsidiary. This transaction, subject to regulatory approval, is expected to enhance FST Corp.’s market position by consolidating its control over Femco, thereby potentially impacting stakeholders positively by streamlining operations and expanding its market reach.

More about FST Corp

YTD Price Performance: -59.27%

Average Trading Volume: 58,777

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $27.14M

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