Core Viewpoint - The company New Focus (00360) has successfully acquired land use rights in Shanghai for RMB 46.34 million, which is essential for its operational continuity following a recent land expropriation affecting its core manufacturing site [1][2]. Group 1: Land Acquisition - New Focus's subsidiary, New Focus Technology (Shanghai), won a public tender for land use rights in Qingpu District, Shanghai, with a total area of approximately 38,600 square meters [1]. - The acquisition contract was signed with the Shanghai Qingpu District Planning and Natural Resources Bureau on December 30, 2025 [1]. Group 2: Impact of Expropriation - The company received a land expropriation notice from the Qingpu Industrial Park Compensation Office in May 2024, which will affect the continuity and stability of its operations at New Focus Optoelectronics (Shanghai) [2]. - The acquisition of new land is critical for the company to establish production and operational facilities, ensuring normal business operations [2]. - This acquisition also aligns with the supplementary agreement of the capital increase agreement disclosed on December 30, 2025, which requires New Focus Optoelectronics (Shanghai) to maintain its production base in Shanghai [2].
新焦点(00360)附属以4634万元收购位于上海市青浦区的土地使用权