Carry Wealth Holdings Restructures Manufacturing

Carry Wealth Holdings Limited (HK:0643) has released an update.

Carry Wealth Holdings Limited has announced plans to scale down its Heshan manufacturing operations in favor of outsourcing to lower-cost regions, such as Cambodia and Indonesia, in an effort to reduce expenses long-term despite one-time restructuring costs. The Heshan facility will cease handling production orders after May 2024, with the workforce being minimized while maintaining essential office staff. Shareholders and potential investors are cautioned to exercise prudence when dealing in the company’s shares.

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