PRINX CHENGSHAN Subsidiary to Acquire MYR 86.96 Million Equipment for Malaysian Production Base

Deep News
May 04

PRINX CHENGSHAN (01809) announced that on April 30, 2026, its indirectly wholly-owned subsidiary, PRINX Malaysia, entered into two procurement contracts with the seller, Qingdao Softcontrol Electromechanical Engineering Co., Ltd. Pursuant to the contracts, the seller agreed to sell, and PRINX Malaysia agreed to purchase, the equipment for a total consideration of RMB 86.958 million.

The equipment refers to the devices and machinery purchased by PRINX Malaysia under the procurement contracts for use at the Group's production base in Malaysia. As disclosed in the company's 2025 annual report, the company has commenced construction of a tire production base in Malaysia to develop its global business operations. The procurement of equipment under these contracts and previous procurement contracts marks a significant step in implementing the Group's business development plan and expanding its overseas production capacity in Malaysia.

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