FIT Hon Teng Unit Buys 70% Stake in Electronics Equipment Maker

MT Newswires Live08-06

FIT Hon Teng (HKG:6088) subsidiary Fu Yu Electronics Technology (Huaian) bought a 70% stake in China Cloud Electro Optics Technology from Zibo Yingcai Investment Partnership Enterprise and an individual for 220.7 million yuan, according to a Monday filing with the Hong Kong Stock Exchange.

China Cloud Electro Optics Technology is an electronics equipment manufacturer.

Shares closed 3% higher in Hong Kong on Tuesday.

Price (HKD): $2.24, Change: $+0.07, Percent Change: +3.23%

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