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An announcement from Yadong Group Holdings Limited ( (HK:1795) ) is now available.
Yadong Group Holdings Limited has entered into an agreement to acquire the entire issued share capital of a company, Brilliant Textile, for US$8.9 million. This acquisition aligns with Yadong’s strategic plan to expand its manufacturing capabilities in Southeast Asia, specifically in Vietnam. The acquisition includes a 75% interest in Amazing Ecotech, which holds land usage rights in Vietnam until 2082, and is expected to strengthen Yadong’s position in the industrial real estate market.
More about Yadong Group Holdings Limited
Yadong Group Holdings Limited is a company incorporated in the Cayman Islands, focusing on establishing manufacturing facilities in Southeast Asia. It is actively exploring industrial parks in Vietnam as part of its strategic expansion plan.
Average Trading Volume: 815,365
Technical Sentiment Signal: Sell
Current Market Cap: HK$450M
For detailed information about 1795 stock, go to TipRanks’ Stock Analysis page.