Jack Technology (SHA:603337), through a subsidiary, will provide guarantees of up to 50 million euros to its unit, Bullmer Italia, for its acquisition of Italian cutting machine maker Comelz, according to a Shanghai bourse filing on Tuesday.
The guarantee will be applied with China Merchants Bank (SHA:600036, HKG:3968).
The intelligent manufacturing equipment manufacturer's shares fell 4% at the close.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments