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Hybrid Kinetic Group ( (HK:1188) ) just unveiled an update.
Hybrid Kinetic Group Limited announced continued suspension of trading in its shares on the Hong Kong Stock Exchange, while providing updates on its business operations and resumption plan. Despite the trading suspension, the company has seen reactivation in its business operations, with sales of battery management systems and spare parts indicating potential sustainable growth. Additionally, the new in-vehicle audio-visual and short drama business has begun generating revenue. The company is focused on improving its business operations and financial position, and is actively seeking potential business and investment opportunities to broaden its income sources.
More about Hybrid Kinetic Group
Hybrid Kinetic Group Limited is engaged in the development and sales of battery management systems, spare parts, high-tech electric motor vehicles, advanced battery materials, and finance leasing services. The company has also ventured into the in-vehicle audio-visual and short drama business, aiming to leverage its technological advantages in a fast-growing market.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$244.2M
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