New Focus Auto Tech (HKG:0360) said it awarded a 580 million yuan contract to build a manufacturing hub in Shanghai's Qingpu district, according to a Sunday filing with the Hong Kong bourse.
The contract was awarded to multiple parties led by Jiangsu Zhongzhi and will see the construction of the manufacturing hub over a 480-day period ending Oct. 9, 2027, the firm said.
New Focus' shares fell 2% in recent trade.
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