XDC plans to purchase the land use rights of an industrial site in Dongguan City to advance the development of its core components business in the new energy sector
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XDC announced that it plans to purchase the land use rights for an industrial land area of 15,722.47 square meters in Dongguan City through its own or self-raised funds, with an expected cost of no less than 20.44 million yuan. This move aims to meet the demand for high-standard industrial space for the company and its wholly-owned subsidiary, reduce rental costs, and accelerate the development of the core components business in the new energy sector
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