[ET Net News Agency, 31 August 2017] Vitasoy International (00345) said it agreed,
through a project company, to construct a production plant on the land in Changping Town,
Dongguan City in the PRC and invest about Rmb1,000 million into the project (including the
price for the land use right to the land), which will be completed in phases over the next
few years according to business needs.
It is anticipated that production at the factory is expected to commence in 2021.
Vitasoy said the existing production plant of the Group located in Guangming New
District, Shenzhen, the PRC has reached its maximum production capacity and the Group is
looking for a suitable location to relocate the Shenzhen production plant. (HL)