C Sun MFG (TPE:2467) will acquire land and a steel-structure factory building in Taichung, Taiwan, for NT$1.48 billion, according to a Monday Taiwan Exchange filing.
Shares jumped over 9% in Tuesday's late morning trade.
The asset, comprising 10,398.62 square meters of land and 9,633.55 square meters of factory, will be purchased from Campro Precision Machinery.
The acquisition will support the company's operational needs and future business expansion, it said.
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