PRINX CHENGSHAN Subsidiary to Acquire Equipment for Malaysian Production Base at 86.998 Million Yuan

Stock News
04/30

PRINX CHENGSHAN (01809) announced that on April 30, 2026, its indirectly wholly-owned subsidiary, PRINX Malaysia, entered into two procurement contracts with the seller, Qingdao Softcontrol Mechatronic Engineering Co., Ltd. According to the agreements, the seller agreed to sell and PRINX Malaysia agreed to purchase the equipment for a total consideration of 86.998 million yuan. The equipment refers to the machinery and devices purchased by PRINX Malaysia under the procurement contracts for use at the group's production base in Malaysia. As disclosed in the company's 2025 annual report, the company has commenced the construction of a tire production base in Malaysia to develop its global business operations. The procurement of equipment under these contracts and prior procurement contracts marks a significant step in implementing the group's business development plan and expanding its overseas production capacity in Malaysia.

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