Weilong Delicious Global Holdings Limited ( (HK:9985) ) has issued an update.
Weilong Delicious Global Holdings Limited has announced a significant investment to establish a new snack food production base in Nanning, Guangxi Zhuang Autonomous Region. This strategic move, involving an investment of approximately RMB1.0 billion, aims to support the company’s long-term growth objectives by expanding its production capabilities and enhancing its regional business convenience. The investment agreement with the Nanning High-Tech Industrial Development Zone’s management committee is considered fair and beneficial for the company’s stakeholders, although the project may not materialize.
More about Weilong Delicious Global Holdings Limited
Weilong Delicious Global Holdings Limited is a company incorporated in the Cayman Islands, operating in the snack food industry. The company focuses on producing and expanding its range of snack food products, aiming to enhance its market presence and geographical coverage.
YTD Price Performance: 125.83%
Average Trading Volume: 9,435,555
Technical Sentiment Signal: Sell
Current Market Cap: HK$38.23B
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