Ching Feng announced on May 25, 2026, that its 100% owned subsidiary, Fuyue Responsibility Co., Ltd., plans to sell its land, buildings, and auxiliary equipment to Vietnam Ching Feng Responsibility Co., Ltd. This move is intended to optimize group resource allocation and support the expansion of the curtain business in Vietnam. The board of directors has approved the transaction and authorized the chairman to handle the matter at a price not lower than 70 billion Vietnamese Dong.
FACT BOX
- Source: PR Times
- Category: Asset Disposal