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Crystal International Group Limited ( (HK:2232) ) just unveiled an announcement.
Crystal International Group Limited has reserved an approximately 800,000-square-metre land parcel in the New October Industrial Zone in New October City, Egypt, for a potential acquisition valued at US$30.4 million, to be funded from internal resources and subject to approval by the Egyptian local government. The group plans to use the site to build production plants and supporting facilities to expand its garment and fabric operations in Egypt, a move the board says aligns with its broader growth strategy, diversifies geopolitical and trade-policy risk, and offers global customers more flexible and reliable production options, while the deal remains too small to trigger disclosure as a notifiable transaction under Hong Kong listing rules.
The most recent analyst rating on (HK:2232) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on Crystal International Group Limited stock, see the HK:2232 Stock Forecast page.
More about Crystal International Group Limited
Crystal International Group Limited is a Hong Kong-listed apparel manufacturer that, through its subsidiaries, focuses on garment and fabric production for global brand customers. The group operates production facilities in multiple countries and is pursuing an international footprint to enhance capacity, flexibility and resilience in its supply chain.
Average Trading Volume: 3,677,974
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.83B
For a thorough assessment of 2232 stock, go to TipRanks’ Stock Analysis page.