Sun Hing Printing (HKG:1975) subsidiary New Horizons Venture confirmed its purchase of land in Indonesia from Kawasan Industri Kendal for about HK$24.3 million, a Wednesday Hong Kong bourse filing said.
The land, designated for industrial use, spans 29,664 square meters, the filing said.
The group plans to utilize the property to expand and diversify its production facilities in Indonesia.
The acquisition will be funded through the internal resources of the group.
The printing products company's shares closed over 1% lower on Wednesday.
Price (HKD): $0.34, Change: $-0.0050, Percent Change: -1.45%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。