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AVIX Inc. shares rise on formation of new subsidiary to bolster strategic alliance with Zhouming
Shares of AVIX, Inc. <7836> traded firmly today, buoyed by the announcement of a new joint venture with Zhouming (Hong Kong), a global leader in LED manufacturing. This strategic move aims to solidify the existing alliance between the two companies.
The new subsidiary, aua?owned 70% by AVIX <7836> and 30% by Zhouming?will focus on streamlining LED supply chains, enhancing quality control, and deepening technical collaboration. By integrating Zhouming’s manufacturing prowess with AVIX’s digital signage expertise, the venture is positioned to capture large-scale projects and drive long-term profitability through improved operational efficiencies. While the company expects a negligible impact on earnings for the fiscal year ending March 2027, the market is reacting favorably to the strengthened strategic foundation.
Source: MINKABU PRESS
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