Suzhou Maxwell Technologies to Purchase Land Use Rights for Semiconductor Equipment Factory

MT Newswires Live01-02

Suzhou Maxwell Technologies (SHE:300751) will reclaim the land use rights for a 171,441-square-meter plot belonging to Wujiang Economic and Technological Development Zone, according to a Wednesday disclosure to the Shenzhen bourse.

The company will pay 79.1 million yuan for the land use rights, the filing said.

The plot will be used for the manufacturing of equipment for the pan-semiconductor field, the filing said.

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