Cosmos Machinery has HK$200-300 mln orders in hand

Wong Yiu Ming, executive director of Cosmos Machinery Enterprises (0118), said after the board meeting that the company now had HK$200-300 mln orders in hand and the capital expenditure of the company this year was not expected to be too much, about HK$30 mln to HK$50 mln, which would be earmarked for improving the assets of the company. Moreover, the company had no necessity of raising funds.

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