TK GROUP HLDG plans to spend approximately HKD 26.76 million to acquire a plot of land in Vietnam
TK GROUP HLDG plans to spend approximately HKD 26.76 million to acquire a piece of land in the Phuc Dien Expanded Industrial Park in Hai Duong Province, Vietnam, covering an area of about 29,843 square meters. The land will be used for infrastructure operations and investment projects, with land use rights until 2071. This move aims to expand production capacity in Vietnam, create a "China + Vietnam" dual production layout, diversify geopolitical risks, and provide flexible production solutions for global customers
According to the Zhitong Finance APP, Dongjiang Group Holdings (02283) announced that on May 30, 2025, its wholly-owned subsidiary CÔNG TY TNHH TK PRECISION TECHNOLOGY HỒNG KÔNG VIỆT NAM (Dongjiang Precision Technology Hong Kong (Vietnam) Co., Ltd.) signed a letter of intent with CÔNG TY CỔ PHẦN ĐẦU TƯ TRUNG QUÝ – BẮC NINH (Bac Ninh Trung Quy Investment Joint Stock Company) for the acquisition of land use rights for a plot of land located in Phuc Dien Extended Industrial Park, Hai Duong Province, Vietnam, at a price of approximately HKD 26.76 million.
The plot is located in the Phuc Dien Extended Industrial Park in Hai Duong Province, Vietnam, with a total area of approximately 29,843 square meters. The land is primarily planned for infrastructure operations and investment projects, with land use rights expiring in 2071. The payment will be made using the group's internal resources.
In light of the continuous rise in market demand, the group plans to expand its production capacity in Vietnam and establish a "China + Vietnam" dual production layout, replicating the high-quality injection molding capabilities of its Chinese production base in Vietnam, providing mold maintenance and repair capabilities to ensure the speed and efficiency of mass production. At the same time, the group's deployment of production capacity in Vietnam will help mitigate geopolitical risks, provide more flexible and reliable production solutions for global customers, and assist in responding to potential changes in trade policies
