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MAN WAH HLDGS Buys Mexico Industrial Site, Mulls Plant Setup
MAN WAH HLDGS (01999.HK) announced that Man Wah Industrial, a wholly-owned subsidiary of the Company, and Hofusan Real Estate entered into a land purchase agreement, pursuant to which, the Company would purchase a piece of land with a total area of 338,900 square meters located in the North American Hofusan Industrial Park in Monterrey, Nuevo Leon, Mexico.
The land is intended for the construction of factories. The Project is expected to be funded by internal resources of the Group.
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