Fu Yu Corp. to Wind Down Under-Utilized Chinese Factory; Shares Down Over 6%

MT Newswires

2025/07/30

Fu Yu Corp. (SGX:F13) has decided to wind down an under-utilized factory located in Zhuhai, China, according to a filing with the Singapore Exchange on Tuesday.

Shares of the company were down over 6% in recent trading.

The factory is currently held by the company's subsidiary, Fu Yu Moulding & Tooling (Zhuhai).

The move is part of the group's strategy to reduce cost and make more efficient use of resources in light of ongoing geopolitical uncertainty and economic challenges.

Relevant assets of the factory will be transferred to an existing factory in Dongguan, the filing added.

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