Hunan Energy Group Development (SHE:000722) subsidiary Hunan Development Qionghu Building Materials Operation leased out a vacant land to Hunan Xinyi Yuan New Materials Technology, according to a Shenzhen bourse filing on Saturday.
The Chinese electronic manufacturer's shares rose 1% at the close of Monday's trading.
The lease term is ten years, with a total rent of 20.3 million yuan.
The land, approximately 24,254 square meters, is located on Chuangxin Road, Shuangxueyuan, Nandashan Town, Yuanjiang City. It will be used for constructing a quartz sand production line.
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