Asia / Pacific
Hongyu Datacom Aviation Equipment Plans to Buy 60% Stake in Electronic Information Firm
• Hongyu Datacom Aviation Equipment plans to buy a 60% stake in the electronic information firm, a move that has been criticized by Reuters.
• The company’s decision comes after the company’s previous plans to buy a significant portion of the firm were deemed unsuitable.
• The move is seen as a move to diversify its investment portfolio and potentially increase its market share.
• The news story was published on Wednesday, 20 Dec 2023, at 7:53:05 GMT.
• The company’s shares have been criticized for their high volatility and lack of transparency.
• The company’s shares have been criticized for their lack of transparency and for their potential for significant losses.
