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Alltronics Holdings ( (HK:0833) ) has issued an update.
Alltronics Holdings Limited announced an extension of the completion timeline for its proposed acquisition of a 51% interest in a factory in Vietnam. Due to the need for additional time to secure necessary approvals, the timeline has been extended from six to twelve months. This extension aligns with a supplemental loan agreement to extend the loan term by six months. The acquisition’s completion remains uncertain, and stakeholders are advised to exercise caution.
More about Alltronics Holdings
Alltronics Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the electronics industry. It focuses on acquiring interests in manufacturing facilities, such as a factory in Vietnam, to expand its operational capabilities.
YTD Price Performance: 7.95%
Average Trading Volume: 110,847
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$224.7M
For detailed information about 0833 stock, go to TipRanks’ Stock Analysis page.