Best Pacific International's Unit Subleases Land Use Rights for Land in Vietnam
MT Newswires Live2024-12-12
Best Pacific International's (HKG:2111) unit Mega Textile Singapore agreed to sublease the land use rights for a plot of land in Vietnam from the developer VSIP Nghe An for nearly $28.7 million, a Wednesday Hong Kong bourse filing said.
Mega Textile Singapore has obtained the land use rights from the signing date of the sublease agreement on Tuesday to Feb. 8, 2073.
The lingerie materials producer is looking to expand its production capacities by establishing new production facilities and installing additional machinery on the land.
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