Suzhou Maxwell Technologies (SHE:300751) will reclaim the land use rights for a 171,441-square-meter plot belonging to Wujiang Economic and Technological Development Zone, according to a Wednesday disclosure to the Shenzhen bourse.
The company will pay 79.1 million yuan for the land use rights, the filing said.
The plot will be used for the manufacturing of equipment for the pan-semiconductor field, the filing said.
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