Leoch International to Buy Production Facilities to Meet Demand; Shares Up 3%

MT Newswires Live

08/14

Leoch International Technology (HKG:0842) entered into an agreement with its chairman and controlling shareholder, Dong Li, to purchase production facilities, according to a Hong Kong bourse filing Wednesday.

Shares of the power supply services provider rose nearly 3% in late-morning trade Thursday.

The company will purchase production facilities manufactured by Dong and his associates during the Aug. 13, 2025, to Dec. 31, 2027, period.

The company agreed to pay cost plus 8% for the facilities, capped at 75 million yuan for 2025 and 120 million yuan for each of 2026 and 2027.

The purchase will facilitate the company's production in its constructed workshops or renovation workshop to meet rising demand.

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