Sun Hing Vision Group (HKG:0125) unit Sun Tat Vietnam Optical procured ALC Construction for the construction work of a new factory premises and ancillary facilities for 32.2 billion dong, a Feb. 28 filing with the Hong Kong bourse said.
The construction work, which is taking place in Long An Province, Ho Chi Minh, Vietnam, is expected to be completed by the end of September.
The glasses and eyewear-related products business intends to establish a self-owned production plant in Vietnam to boost its supply chain capabilities within the region.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.