Ngai Lik plans to invest HK$20 mln expanding electric bicycle factory

Lam Man Chan, chairman and managing director of Ngai Lik Industrial (0332), said the company planned to invest HK$20 mln in building the first-phase production line of the new electric bicycles factory, which is about 110,000 square meters and expected to put into production by the end of this year. 

The group is now in talks with a company in mid-east on moving part of the producing lines to mid-east so as to reduce the transportation cost. The cooperation was expected to be realized within this year.

Related stock : (332)