Core Viewpoint - Wuhan Organic (02881) has entered into a conditional sale agreement to acquire a 12.854-acre leasehold land in Johor, Malaysia, for 36.4659 million MYR (approximately 61.55 million CNY) to establish an overseas production base aimed at mitigating risks associated with international trade policy fluctuations [1][1][1] Group 1: Acquisition Details - The buyer, Benzoplus Chemicals (M) Sdn. Bhd., a wholly-owned subsidiary of Wuhan Organic, will purchase the land from Johor Corporation [1] - The land is located at PLO326, Tanjung Langsat Industrial Complex, with a lease term of 60 years and an area of approximately 55.99 million square feet [1][1] Group 2: Strategic Rationale - The acquisition aims to establish an overseas production base to manufacture export products, thereby reducing the adverse impacts of international trade policy changes [1] - This move is expected to enhance the company's global competitiveness and strengthen its international brand image and recognition [1][1]
武汉有机拟以3646.59万令吉收购位于马来西亚的地块