WUHAN YOUJI (02881) Plans to Acquire Malaysian Land Plot for RM36.47 Million

Stock News
Sep 30

WUHAN YOUJI (02881) announced that on September 30, 2025, the buyer Benzoplus Chemicals (M) Sdn. Bhd. (a wholly-owned subsidiary of the company) entered into a sale and purchase agreement with the seller Johor Corporation. Under the agreement, the seller conditionally agreed to sell, and the buyer conditionally agreed to purchase the land plot for a purchase price of RM36.4659 million (equivalent to approximately RMB61.55 million).

The land plot is a leasehold property with a 60-year lease term located at PLO 326, Tanjung Langsat Industrial Complex, covering an area of approximately 12.854 acres (equivalent to approximately 559,900 square feet).

The group's existing production facilities are located in mainland China, and its product exports are significantly affected by fluctuations in international trade policies. The proposed acquisition of the land plot in Johor, Malaysia is primarily aimed at establishing an overseas production base for manufacturing export products. The establishment of this overseas production base is expected to mitigate the adverse effects of changes in international trade policies and reduce the group's production and trade risks.

Furthermore, the overseas production base will serve as an important milestone for the group's further internationalization and long-term development. This initiative is expected to enhance the group's global competitiveness and strengthen its international brand image and recognition.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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