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2004-6-24 10:49:00 a.m. HKT, XFNA
Hong Kong's Eagle Nice says unit to buy new China plant for 102.18 mln yuan
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HONG KONG (AFX-ASIA) - Eagle Nice (International) Holdings Ltd (2368.HK)
said wholly owned unit Yue Mei (Shantou) Garment Manufacturing Co Ltd will
acquire for 102.18 mln yuan a production plant being built on a site at
Shantou in China .
In a statement, it said the new production plant is being built on a site
with an area of about 23,334 square meters. When completed, it will feature a
seven-storey industrial building with a gross floor area of about 67,000 sq m.
The plant is expected to have a production capacity of about 750,000
dozens of sportswear per annum and will raise the group's existing annual
production capacity of about 245,000 dozens of sportswear by 200 pct.
(1 usd = 7.8 hkd, 8.3 yuan)
susanna.tai@afxasia.com
st/ds
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