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CT Automotive Group Plc ( (GB:CTA) ) has shared an announcement.
CT Automotive Group PLC announced a service agreement with iAqua Watercraft Limited, a subsidiary of iAqua Limited, to provide engineering and product management services for automobile components. The agreement, considered fair and reasonable by the company’s directors, is expected to be profitable and amounts to less than $100,000 annually. CEO Simon Phillips, a 30% shareholder in iAqua Limited, makes the deal a related party transaction under AIM rules.
More about CT Automotive Group Plc
CT Automotive Group PLC specializes in designing, developing, and manufacturing bespoke automotive interior finishes and kinematic assemblies for leading automotive original equipment suppliers and global Tier One manufacturers. With headquarters in the UK, the company operates a low-cost manufacturing model with facilities in China, Mexico, Türkiye, and Czechia, supplying high-quality parts at competitive prices to OEMs such as Nissan, Ford, GM, and luxury brands like Bentley and Lamborghini.
YTD Price Performance: 0.0%
Average Trading Volume: 19,070
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £29.44M
For detailed information about CTA stock, go to TipRanks’ Stock Analysis page.
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