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Infinity Development to Acquire Assets for Indonesia Manufacturing Plant
Infinity dev (00640) subsidiary plans to acquire a series of assets.
Infinity dev (00640) announced that, on November 19, 2024 (after the trading session), the buyer PT....
Infinity dev (00640.HK) plans to acquire assets for 4.25 million USD to establish its manufacturing business by setting up a new manufacturing plant in Indonesia.
Gronghoi November 19th | Infinity Dev (00640.HK) announced that on November 19, 2024, the buyer (a fully owned subsidiary of the company) and the seller entered into an agreement to acquire assets at a price of 4.25 million US dollars, for the establishment of a new manufacturing plant in Indonesia by the group. After acquiring an industrial land in Indonesia in April 2022, along with the foundation and architecture engineering of the land, the group is currently constructing a new manufacturing plant on the land to enhance its cost competitiveness and freight time advantages, better serve its customers, and further strengthen its core business. In summary,
Express News | Infinity Development - Unit to Acquire 10 Sets of Various Types of Tanks, Others for $4.3 Mln
CICC Securities: The chemical industry continued to fluctuate in the first half of the year, with strong tire exports and double growth in revenue and performance.
In the first half of 2024, the chemical industry achieved revenue of 1237.63 billion yuan, a year-on-year increase of +4.2%; net income attributable to the company was 75.25 billion yuan, a year-on-year increase of +0.8%.
Sealand Securities: The cyclical upturn of PX and pure benzene is expected.
The pure benzene industry has limited new production capacity, and the supply-demand imbalance is expected to continue. Stimulated by demand, it is expected that the global pure benzene industry operating rate will rebound strongly from 2024 to 2026.
Some Investors May Be Willing To Look Past Infinity Development Holdings' (HKG:640) Soft EarningsNo Data
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