Zhejiang Crystal-Optech (SHE:002273) plans to purchase optical coating equipment from its associate Optorun (TYO:6235) for 336 million Japanese yen, according to a Shenzhen bourse filing on Saturday.
The Chinese optics and optoelectronics manufacturer's shares rose less than 2% during Monday's afternoon trade.
Zhejiang Crystal-Optech owns 16.3% of the Japanese manufacturer of vacuum deposition products.
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.