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Pearl River Holdings ( (TSE:PRH) ) has issued an update.
Pearl River Holdings Limited has announced the opening of its new manufacturing facility near Phnom Penh, Cambodia, which is now fully operational. This facility was established to meet customer demands for manufacturing outside of China and will primarily produce plastic coolers and other plastic products. The company owns 65% of the Cambodian subsidiary, with the remaining 35% held by a local partner. This expansion is expected to enhance Pearl River’s operational capabilities and market positioning by diversifying its manufacturing locations.
More about Pearl River Holdings
Pearl River Holdings Limited, through its subsidiaries, is primarily engaged in the manufacturing and distribution of plastic products across China, Australia, and the United States.
Average Trading Volume: 35,914
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$4.1M
See more insights into PRH stock on TipRanks’ Stock Analysis page.