Ningbo Zhenyu Technology (SHE:300953) plans to construct a manufacturing base in Thailand for $150 million, according to a Shenzhen bourse filing on Saturday.
Shares of the Chinese mold and structural parts supplier slipped less than 1% during Monday's afternoon trade.
The project will be constructed through a newly established subsidiary, Zhenyu Technology (Thailand).
The project's construction will run for one and a half years, between March this year and September 2027.
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