Leoch International Technology Limited (HK:0842) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Leoch International Technology Limited is expanding its production capacity by purchasing production facilities from Guangdong Marshell for around RMB50.8 million. The acquisition, driven by increasing overseas demand for its battery products, is classified as a connected transaction due to the ownership ties with the company’s Chairman. This move aims to support the company’s growing production needs efficiently.
For further insights into HK:0842 stock, check out TipRanks’ Stock Analysis page.