Zhitong Financial APP News, Tianli Holdings Group (00117) issued a notice that on September 1, 2023 and October 27, 2023, Dongyuyang (the company's indirect wholly-owned subsidiary) and Donghai High temperature respectively entered into the first acquisition purchase contract and the second acquisition purchase contract. Dongyuyang will acquire the first acquisition machine (rapid test furnace) and the second acquisition machine (atmosphere roller electric furnace) from East China Sea High Heat. The price is RMB 1.19 million and RMB 17.2 million respectively.
The announcement said that under the general trend of the Chinese government actively promoting new infrastructure construction and domestic substitution, the group will continue to seize development opportunities, increase investment in MLCC business, and further enhance production capacity and technical level. The first acquisition of machinery and the second acquisition of machinery are proposed for the new plant in Dongyuyang, Dongguan, to increase the Group's production capacity, expand its existing product line and raise the technical level of the production facilities of the MLCC business. As of the date of this announcement, the group's production base in Chuzhou has been completed and put into use, the new production base in Dongguan has been capped, and the internal decoration has been nearly completed. After the completion of the relocation and expansion of the Dongguan production base, the group's production capacity and technical capacity will be further greatly improved.