Crystal International Plans US$30.4 Million Egypt Land Deal for Production Expansion
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Crystal International Group Limited plans to acquire an 800,000-square-metre land parcel in Egypt for US$30.4 million to expand its garment and fabric production. The acquisition will be funded from internal resources and requires local government approval. This move aligns with the company's growth strategy and aims to diversify geopolitical risks while providing flexible production options. The deal is not significant enough to require disclosure under Hong Kong listing rules. Analysts currently rate the stock as a Buy with a target price of HK$8.00.
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