Shanghai Conant Optical Co. Ltd. Class H (HK:2276) has released an update.
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Shanghai Conant Optical Co. Ltd. has announced the strategic acquisition of land in Thailand for approximately RMB39 million to build a high-end production facility. The land, situated close to Bangkok’s Suvarnabhumi Airport, will be used to construct automated production lines for advanced refractive index resin lenses. This move is set to enhance the company’s industrial foothold and does not constitute a notifiable transaction according to the Listing Rules.
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