Guangdong Dtech to Invest 700 Million Yuan in Advanced Materials Base

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Guangdong Dtech Technology (HKG:1377, SHE:301377) plans to invest 700 million yuan to build an advanced new-materials manufacturing base in Dongguan City in China's Guangdong province, according to a Tuesday filing with the Hong Kong bourse.

The project will focus on research, development, and production of non-woven brushes, ceramic brushes, brush wheels, functional film products, and glass coating.

Fixed-asset investment is expected at 560 million yuan.

The project land covers about 42,666 square meters and will be acquired through a public grant of state-owned construction land, with a 50-year grant term.

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