Brief: Impact Coatings And Waveland Technology Sign Production Line Lease Agreement

Impact Coatings AB (publ)

14/11/2023 07:57

Nov 14 (Reuters) - Impact Coatings AB (publ)  IMPC.ST :
    * WAVEGUIDE ANTENNAS: IMPACT COATINGS AND WAVELAND SIGN
COATING
SERVICE PRODUCTION LINE LEASE AGREEMENT
    * INITIAL LEASING PERIOD IS FIVE YEARS, WITH OPTION TO
EXTEND FOR
12 MONTHS AT A TIME FOLLOWING INITIAL PERIOD
    * PRE-PAYMENT FOR PRODUCTION LINE SETUP AMOUNTS TO CNY
700,000
(APPROXIMATELY SEK 1,050,000)
    * FULL PRODUCTION LINE IS PLANNED TO BE OPERATIONAL DURING
Q1 2024
    * ANNUAL LEASING FEE, EXCLUDING VOLUME-BASED COATING
SERVICES
FEES, AMOUNTS TO CNY 1,6 MLN (APPROXIMATELY SEK 2,4 MLN)

Source text for Eikon:  ID:nMFN4VMKVH 
Further company coverage:  IMPC.ST 

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