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China’s Caihong Rises After US ITC Clears Patent Breach Claims
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China’s Caihong Rises After US ITC Clears Patent Breach Claims
Shares of a Chinese display technology company surged to the daily trading limit following a preliminary ruling by the U.S. International Trade Commission, which determined that the company’s core substrate glass formula does not infringe upon patents owned by a leading industry competitor. This decision could potentially open the U.S. market for the company’s products. The stock rose 10% to CNY6.38 (approximately $0.90), pushing its market valu…
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