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TK Group (Holdings) Ltd. ( (HK:2283) ) has issued an update.
TK Group (Holdings) Limited has announced its intention to acquire land in Vietnam’s Phuc Dien Extended Industrial Park for approximately HKD26.76 million. This strategic move is part of the company’s plan to expand its production capacity and reinforce its dual production layout between China and Vietnam. The acquisition aims to replicate the company’s Chinese production capabilities in Vietnam, providing mold maintenance and repair services to support scalable production. This expansion is expected to offer more flexible and reliable solutions to global customers and help the company navigate potential changes in trade policies.
The most recent analyst rating on (HK:2283) stock is a Buy with a HK$2.79 price target. To see the full list of analyst forecasts on TK Group (Holdings) Ltd. stock, see the HK:2283 Stock Forecast page.
More about TK Group (Holdings) Ltd.
TK Group (Holdings) Limited operates in the manufacturing industry, focusing on high-quality plastic injection molding. The company is expanding its production capabilities to Vietnam to enhance its ‘China + Vietnam’ dual production strategy, aiming to meet increasing market demand and mitigate geopolitical risks.
Average Trading Volume: 1,633,936
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.64B
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