Tongda Group expects to introduce technology improvement projects within this ye

Wang Ya Nan, chairman of Tongda Group Holdings (0698), said the company was in talks with several enterprises over the introducing of relevant technology improvement projects, which were expected to be carried out at the end of this year. However, the scale of the investment was not decided yet. 

He also said the producing base expanding projects of the company in Shenzhen, which was about 20,000 square meters, was already begun and was expected to be finished at the end of this year. The sum of the investment was over HK$20 mln and the producing capacity could increase 30% at that time with extra sales of about HK$100 mln.

Related stock : (NIL)