Transtech Optelecom Slashes Annual Caps in Clarification of Connected Transactions
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Transtech Optelecom Science Holdings Limited has revised its annual caps for transactions under a Master Sale Agreement, now set at RMB15.4 million, nil, and RMB6.2 million for the next three years, significantly lower than previously stated. The company apologized for the error and advised caution to shareholders and potential investors. While the numerical correction impacts future revenue expectations, the overall transaction framework remains unchanged. Transtech operates in the telecommunications sector, focusing on optelecom science and related products in China and regional markets.
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