Leoch International Technology Limited (HK:0842) has released an update.
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Leoch International Technology Limited is expanding its production capacity by purchasing production facilities from Guangdong Marshell for around RMB50.8 million. The acquisition, driven by increasing overseas demand for its battery products, is classified as a connected transaction due to the ownership ties with the company’s Chairman. This move aims to support the company’s growing production needs efficiently.
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