Core Viewpoint - The company has signed a lease agreement with Thanh Binh Phu My Joint Stock Company for land in Ho Chi Minh City, Vietnam, to enhance its market penetration and capture local demand [1] Group 1: Lease Agreement Details - The lease agreement is set to commence on December 25, 2025, and will last until December 21, 2077 [1] - The infrastructure fee for the lease is approximately 15,395.03 billion Vietnamese Dong, equivalent to about 455.7 million Hong Kong Dollars [1] - The total land area is approximately 285,000 square meters, including two connected plots and about 21,635 square meters of adjacent water area [1] Group 2: Strategic Intent - The company aims to deepen its penetration in the Vietnamese market to leverage potential customer demand and sales prices in the area [1] - Anticipated growth in demand within the Vietnamese market is expected to drive the need for local production capacity [1] - The company plans to build new self-operated production facilities on the leased land, with most products intended for sale within Vietnam to align production with market demand [1]
理文化工(00746)附属拟租用越南土地