Jinwu Financial News | China Glass (03300) bucked the market and rose to a three-month high in early trading. As of press release, it reported HK$0.68, up 25.93%, with a turnover of HK$6.023,900.
According to the news, Tongliao China Glass, an indirect wholly-owned subsidiary of the company, has successfully bid for land use rights in the Horqin Left Wing Houqi Industrial Park in Tongliao City, Inner Mongolia, China in a public tender. On March 13, 2024, Tongliao China and Horqin's left-wing Houqi Natural Resources Bureau signed a confirmation on the land acquisition, at a cost of RMB 507.325 million.
According to reports, the company plans to build two photovoltaic ultra-white rolled glass production lines and supporting deep processing production lines on this site.