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Melexis (ENXTBR:MELE) Valuation Check As New China WFOE Targets Localized Growth
Melexis (ENXTBR:MELE) has formally created Melexis Integrated System (Shanghai) Co., Ltd as a Wholly Foreign-Owned Enterprise in China, reshaping its local structure to support end-to-end supply chains and China-focused product development.
See our latest analysis for Melexis.
The new China WFOE comes at a time when Melexis shares trade at €50.6, with a 30-day share price return of a 12.08% decline and a 1-year total shareholder return of a 5.94% decline, suggesting momentum has been fading...