Net Pacific Unit Acquires Industrial Land Use Right in China

MT Newswires

2025/12/12

Net Pacific (SGX:5QY), through its subsidiary, Saint Pearl Travel Products (Guangdong), secured a contract for the state-owned construction land use right assignment for an industrial land in Guangdong Province, China, according to a Friday filing with the Singapore Exchange.

The use right was awarded through a public bidding process for a consideration of 15.6 million yuan.

The agreement was entered into with Jiangmen Natural Resources Bureau, which is responsible for land supply in Jiangmen.

The land has an area of around 41.16 acres and a leasehold validity of 50 years, to be delivered for use on Dec. 16.

Meanwhile, Saint Pearl is looking to spend around 18 million yuan within the next two years to build a manufacturing plant on the site.

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