APT Electronics Signs EPC Contract with SYC Source Technology Engineering

Stock News10-21

APT Electronics (02551) has announced that on March 5, 2025, Guangzhou Lingwei, a wholly-owned subsidiary of the company, acting as the employer, entered into an EPC contract with SYC Source Technology Engineering Co., Ltd., acting as the contractor.

Under the agreement, Guangzhou Lingwei has engaged SYC to provide EPC services for the project, with a total contract amount of RMB 276 million.

The project refers to Guangzhou Lingwei's Greater Bay Area headquarters production and R&D base project.

The reason for entering into the EPC contract is to develop the project.

The project involves the engineering and construction of Guangzhou Lingwei's production facilities, R&D center, and employee dormitories.

The project is being undertaken to expand the group's production capacity and R&D capabilities, in order to support its automotive intelligent vision business and meet operational and customer needs.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment