CRYSTAL INTL (02232) saw an intraday surge exceeding 3%. As of the time of writing, the stock was up 2.14%, trading at HK$7.15, with a turnover of HK$5.6333 million. The company announced that on January 18, 2026 (Egyptian time), Crystal Egypt Industries—a proposed wholly-owned subsidiary to be established upon local government approval of the acquisition—entered into a land reservation form with SID - New October (S.A.E.), an entity independent of the company and its connected persons. The agreement reserves a land plot located in New October City, Egypt, for acquisition at a cost of $30.4 million. This acquisition is contingent upon approval from the local Egyptian government. The purchase price will be funded using the Group's internal resources. The land plot is situated in the New October Industrial Zone of New October City, Egypt, with a total area of approximately 800,000 square meters. The Group intends to use this land to construct production facilities and supporting infrastructure in Egypt, facilitating the expansion of its apparel and fabric business there and enhancing production capacity. The Group believes that establishing production capacity in Egypt will help diversify geopolitical risks, offer more flexible and reliable production solutions for global clients, and assist in effectively navigating potential changes in trade policies.