Tian Chang Group Expands Manufacturing With Machinery Purchase
MT Newswires Live
8 hours ago
Tian Chang (HKG:2182) will acquire nine magnesium injection molding machines for a total of 51.7 million yuan, according to a filing with the Hong Kong stock exchange on Wednesday.
Separately, the group will acquire nine plastic injection molding machines for 15.1 million yuan and enter into a finance lease with total lease payments of 14.3 million yuan over 41 months.
The acquisitions are intended to expand the group's manufacturing capacity, including its magnesium thixomolding capabilities, and support a broader range of products and services.
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