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Hang Sang Forms Joint Venture to Expand Vaping Device Business in Middle East

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Hang Sang Forms Joint Venture to Expand Vaping Device Business in Middle East

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Hang Sang (Siu Po) International Holding Co. Ltd. ( (HK:3626) ) just unveiled an update.

Hang Sang (Siu Po) International Holding Co. Ltd. has announced the formation of a joint venture with Coty Holding Ltd to distribute branded vaping devices in the UAE and other Middle Eastern markets. The joint venture aims to capitalize on Coty’s extensive market access and regulatory expertise in the region, positioning Hang Sang to expand its vaping device business and capture opportunities in high-growth markets.

The most recent analyst rating on (HK:3626) stock is a Hold with a HK$9.50 price target. To see the full list of analyst forecasts on Hang Sang (Siu Po) International Holding Co. Ltd. stock, see the HK:3626 Stock Forecast page.

More about Hang Sang (Siu Po) International Holding Co. Ltd.

Hang Sang (Siu Po) International Holding Co. Ltd. is involved in the vaping device/e-cigarette industry, focusing on expanding its market presence in this segment. The company is seeking to leverage strategic partnerships to enhance its distribution capabilities and capture business opportunities in high-growth markets.

Average Trading Volume: 432,452

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.62B

Learn more about 3626 stock on TipRanks’ Stock Analysis page.

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