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The latest update is out from Hong Kong Aerospace Technology Group Limited ( (HK:1725) ).
USPACE Technology Group Limited announced the lapse of its acquisition of 49% of Aspace Satellite Technology Limited due to unmet conditions by the deadline and no extension agreement with Superb Ever Worldwide Limited. The lapse is not expected to adversely affect USPACE’s business or financial position. Additionally, Aspace is negotiating with a lender over a non-compliance issue related to a term loan, which has led to the lender taking possession of some of Aspace’s equipment.
The most recent analyst rating on (HK:1725) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Hong Kong Aerospace Technology Group Limited stock, see the HK:1725 Stock Forecast page.
More about Hong Kong Aerospace Technology Group Limited
Average Trading Volume: 8,453,561
Technical Sentiment Signal: Hold
Current Market Cap: HK$604.1M
Learn more about 1725 stock on TipRanks’ Stock Analysis page.