SUN HING PRINT Subsidiary Plans HK$33.3 Million Factory Construction in Indonesia

Stock News
02/13

SUN HING PRINT Holdings Limited announced that on February 13, 2026, its indirectly wholly-owned subsidiary, PT SHP Tech, entered into a construction agreement with contractor PT Leke Bangun Indonesia. The agreement involves the construction of new printing production facilities for the group on a designated land plot at a building cost of IDR 71.737 billion (approximately HK$33.307 million). Under the terms of the agreement, the contractor is responsible for executing all works, which include but are not limited to the design, procurement, construction, installation, testing, commissioning, and handover of a two-level factory building with a total floor area of approximately 16,000 square meters, a three-level dormitory, and supporting equipment rooms. The project encompasses all related civil, architectural, mechanical, electrical, and plumbing works. The land is located at Jl. Tanjung Anom Raya No. 2, Kendal Industrial Area, Indonesia.

As a comprehensive one-stop printing service provider offering diverse printing solutions, the group has been planning to expand its production facilities to Indonesia following the maturity of its production operations in China. This move aims to achieve greater geographical diversification in production to adapt to evolving market conditions and economic trends within the region. The construction of the factory on the previously acquired land plot is a concrete implementation of this strategic initiative. Indonesia, one of the largest economies in Southeast Asia, presents a dynamic market characterized by a growing middle class and rising consumer demand. With a population exceeding 270 million, the country offers substantial market expansion potential. By establishing printing production facilities locally, the group can effectively benefit from the rapidly expanding consumer base, meet local demand for high-quality printing services, broaden its customer sources, and strengthen its regional competitiveness. This step not only enhances the geographical diversification of the group's operations but also bolsters its competitive position in a region with strong economic growth potential.

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