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Insider Buys Additional CN¥3.0m In Xin Point Holdings Stock
It's Down 31% But Xin Point Holdings Limited (HKG:1571) Could Be Riskier Than It Looks
Hong Kong stocks are moving | XIN POINT HOLD (01571) is currently down over 11%. The company states that tariffs may impact Business and Operation, and is actively negotiating with USA customers.
XIN POINT HOLD (01571) is currently down over 11%, as of the time of publication, down 11.11%, reported at HKD 2.8, with a transaction volume of HKD 17.0613 million.
XIN POINT HOLD (01571.HK) is currently in active discussions with USA clients.
On April 16, Gelonghui reported that XIN POINT HOLD (01571.HK) announced that according to the official notice from the Group's customs broker and the USA Customs and Border Protection, the total tariff on products exported to the USA from the Group currently amounts to 159%. Since the Group's products are sold to USA customers on a Delivered Duty Paid basis, which means the Group arranges for Transportation and delivers the goods to the designated location while completing customs clearance and paying all applicable taxes and duties. Therefore, the imposition of these additional tariffs makes the Group's supply commercially unfeasible and may even constitute
XIN POINT HOLD (01571): The new tariffs may affect the group's Business and Operation.
XIN POINT HOLD (01571) issued an announcement that, as the group's products are all delivered "after tax delivery" (Delivered...
Express News | Xin Point - in Active Discussions With US Customers on Possibilities of Relocating Manufacturing Processes of Products to Mexico and Malaysia
