Cosmos Machinery Announces Strategic Property Acquisition

Cosmos Machinery Enterprises Limited (HK:0118) has released an update.

Cosmos Machinery Enterprises Limited has announced the acquisition of two properties that are currently under construction, for a total consideration of RMB18,516,634, to be used as the company’s place of business. The transaction, funded by internal resources, is seen as a strategic investment that will save on long-term rental costs and improve the work environment. This acquisition is classified as a discloseable transaction according to the Listing Rules, due to its significant financial impact.

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