Welcome to our dedicated page for Wetouch Technology news (Ticker: WETH), a resource for investors and traders seeking the latest updates and insights on Wetouch Technology stock.
Wetouch Technology Inc. develops, manufactures, sells and services medium- to large-sized projected capacitive touchscreens and related touch display products. Its updates commonly cover financial results, product mix, China and overseas sales trends, cash and stockholders' equity, and demand across smart cockpit and in-vehicle HMI, self-service and point-of-sale terminals, gaming and lottery machines, medical devices, industrial automation, robotics and other specialized applications.
Company news also includes technology and market expansion developments, including curved touchscreen and optical bonding capabilities, large-size touch display production, regional offices, and supply relationships for industrial HMI and automation products.
Wetouch Technology Inc. (OTC: WETH) announced a $17.7 million compensation from Sichuan Renshou Shigao Tianfu Investment Co., Ltd for relocating its operations to Chengdu, China. The compensation, consisting of RMB115.2 million, includes the appraised value of its property and a 15% relocation bonus. Wetouch will begin leasing back its old property at RMB300,000 per month until December 2021. The company plans to construct new facilities in Chengdu, aiming for completion by the end of 2021, which is expected to enhance operational efficiency and support future expansion.