Jinhua Chunguang Technology (SHA:603657) plans to invest up to 1 billion yuan to build an 8 million unit per year production facility for cleaning appliances in Suzhou, China.
The project, pending land acquisition via public auction, targets a 21,800-square-meter industrial plot in Wuzhong District.
The proposal is subject to shareholder approval.
Shares of the rubber and plastic products manufacturer closed 3% higher Monday.
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