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HI-LEX extends gains on new order win in China, plans new factory construction
HI-LEX Corp <7279> extended its gains following news released after the market close on April 3 regarding a major order in East China. The company plans to establish a new subsidiary and production facility in the region to accommodate the large scale of the ordered door modules and optimize logistics.
The new unit will be 80% owned by Chongqing HI-LEX, with HI-LEX holding an indirect 50.4% stake, making it a material subsidiary. While the move sparked buying on expectations of long-term growth, HI-LEX noted the impact on earnings for the fiscal year ending October 2026 is expected to be minimal.
Source: MINKABU PRESS
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