Prinx Chengshan boosts Malaysia tire capacity with RMB 86.96 million equipment deal

Prinx Chengshan Holdings Limited ( (HK:1809) ) just unveiled an update.

Prinx Chengshan Holdings’ subsidiary Prinx Malaysia has signed two purchase contracts with an equipment vendor to buy all-steel and semi-steel tire hydraulic curing presses for a combined consideration of RMB 86.96 million, payable in instalments tied to contract performance and a one-year warranty period. Together with earlier equipment purchases from the same vendor totaling RMB 197.13 million, the new contracts raise the scale of its Malaysia production base investment to a level that qualifies as a discloseable transaction under Hong Kong Listing Rules, signaling continued capacity expansion and modernization of its tire manufacturing operations.

The latest contracts, covering 65-inch all-steel and 48-inch semi-steel tire curing presses, align with previous agreements for tire production line equipment and tire building machines, which share substantially similar terms aside from payment schedules and equipment quantities. By aggregating these deals, Prinx Chengshan underscores its commitment to developing its Malaysian production hub, which may enhance its competitiveness in regional and global tire markets while requiring transparency to shareholders through formal reporting and announcement obligations.

More about Prinx Chengshan Holdings Limited

Prinx Chengshan Holdings Limited is a tire manufacturer that operates internationally, with production bases including a facility in Malaysia. The company, through subsidiaries such as Prinx Malaysia, focuses on producing all-steel and semi-steel tires and invests in specialized tire production equipment to expand and upgrade its manufacturing capabilities.

Average Trading Volume: 108,229

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$5.11B

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