Gelonghui reported on December 18 that SUN HING PRINT (01975.HK) announced that on December 18, 2024 (after the trading session ends), the buyer (a wholly-owned subsidiary of the company) and the seller signed a confirmation letter for purchase, whereby the buyer agrees to purchase, and the seller agrees to sell a plot of land for 49.506 billion Indonesian Rupiah (approximately 24.258 million Hong Kong dollars). The plot refers to the land located at Jl. Tanjung Anom Raya No 2, Kawasan Industri Kendal, Indonesia. The land area of the plot is approximately 29,664 square meters. This plot is intended for industrial use.
The group is a comprehensive one-stop printing service provider, offering diversified printing solutions. After establishing production capacity in China, the group is now planning to expand its production facilities to Indonesia, diversifying its production regionally. This strategic move is to respond to the evolving market dynamics and regional economic factors. The plot will be used to develop the group's new printing production facilities in Indonesia.
