Zhongda Leader Intelligent Transmission to Build Precision Core Component Factory for 200 Million Yuan; Shares Soar 7%

MT Newswires Live

2025/02/11

Ningbo Zhongda Leader Intelligent Transmission (SHE:002896) plans to invest 200 million yuan for the construction of a precision core component production base in Cixi Intelligent Home Appliances High-tech Industrial Park in China, according to a Shenzhen Stock Exchange filing on Tuesday.

Factories and other ancillary facilities will be built within 24 months, the Chinese gearbox manufacturer said.

The company's shares soared more than 7% in recent trade.

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