The Zhitong Finance App learned that the new focus (00360) rose more than 33% in the afternoon, to a high of HK$0.202, and increased 2.6 times over the past month. As of press release, it increased by 31.33% to HK$0.197, with a turnover of HK$14.273,400.
According to the news, New Focus announced that on October 6, Newfox Optoelectronics (Qingdao), a wholly-owned subsidiary, signed a construction agreement with the contractor. The contractor agreed to build an industrial park, including a new production plant for manufacturing electronic components for new energy vehicles, and other supporting facilities, at a cost of RMB 290 million.
In addition, Jinyi, an indirect non-wholly-owned subsidiary of the company, signed a purchase agreement with the seller Zheda Tongbo, covering the sale of a comprehensive fuel cell system production line and related equipment, as well as program design, debugging, training and guidance, and software platform development, deployment and commissioning services, at a total cost of RMB 298 million.