ISDN's (SGX:I07, HKG:1656) strategic partner Maxon Motor has renewed agreements with four 50%-owned units of the company, a Dec. 27 bourse filing said.
The contracts have been renewed for three years starting Jan. 1, 2025, and ending Dec. 31, 2027.
The four units were formed under the strategic partnership between ISDN and Maxon Motor for the manufacture and sale of advanced drivers and motors to the Chinese market.
Interelectric, an affiliate of Maxon Motor, owns the remaining 50% stake in the four companies named maxon motor (Suzhou), Maxon Electronic Machine International Trade (Shanghai), maxon motor SEA, and maxon motor Taiwan.
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.