Brief: Utime Announces Plans To Build Smart Telecom Device Production Base In Nanning, China

UTime

07/10/2021 01:35

Oct 6 (Reuters) - Utime Ltd  UTME.O :
    * UTIME ANNOUNCES PLANS TO BUILD SMART TELECOM DEVICE
PRODUCTION
BASE IN NANNING, CHINA
    * COMPANY IS EXPECTED TO INVEST APPROXIMATELY RMB150 MILLION
TO
BUILD AND OPERATE NANNING PRODUCTION BASE
    * COMPANY PLANS FOR A NEW GENERATION OF SMART WEARABLES TO
ROLL
OFF PRODUCTION LINE AT NANNING PRODUCTION BASE
    * JIANGNAN GOVERNMENT AGREED TO PROVIDE CERTAIN ECONOMIC
INCENTIVES TO COMPANY TO SUPPORT ITS OPERATIONS AT NANNING
PRODUCTION BASE

Source text for Eikon:  ID:nPn9jgVxWa 
Further company coverage:  UTME.O 

 ((Reuters.Briefs@thomsonreuters.com;))