PRINX CHENGSHAN (01809) Signs Second-Phase Equipment Procurement Contracts for Malaysia Plant

Stock News

May 29

PRINX CHENGSHAN (01809) announced that on May 29, 2026, its indirect wholly-owned subsidiary, PRINX Malaysia, entered into three second-phase procurement contracts with the seller. Under these agreements, the seller agreed to sell and PRINX Malaysia agreed to purchase the equipment for a total consideration of RMB 116 million. The company has initiated the construction of a tire production base in Malaysia to expand its global business operations. Following this, the company disclosed on April 30, 2026, that it had signed the first-phase equipment procurement contracts, marking a crucial step in implementing its business development strategy and expanding overseas capacity in Malaysia. Currently, the construction and preparatory work for the Malaysia facility are progressing in an orderly manner. The execution of the second-phase procurement contracts represents a necessary step for the group to ensure the timely completion and commencement of operations at the Malaysia production base.

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