New Focus Auto Tech Acquires Shanghai Land Use Rights for RMB46.34 Million

Reuters
2025.12.30 11:11
portai
I'm PortAI, I can summarize articles.

New Focus Auto Tech Holdings Ltd. has announced the acquisition of land use rights for a plot in Qingpu District, Shanghai, through its subsidiary, New Focus Technology (Shanghai). The rights were secured via public bidding for RMB46.34 million. This transaction is classified as a discloseable transaction under Hong Kong Listing Rules but does not require shareholder approval.