Shenzhen MTC to Invest Up to 261 Million Yuan in Mexico Production Base

MT Newswires Live

08/21

Shenzhen MTC (SHE:002429) will invest up to 261 million yuan to establish a production base in Tijuana, Mexico, via its Singapore subsidiary.

The facility will operate under Mexico's IMMEX Shelter Program, involving factory leasing, equipment purchases and local partnerships, according to a Friday filing with the Shenzhen bourse.

Shares of the consumer electronics company were down 1% Friday.

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