Brief: Xin Point Says Majority Of Group's U.S. Customers Agreed To Absorb Imposed Additional U.S. Tariffs
22/05/2025 17:46
May 22 (Reuters) - Xin Point Holdings Ltd 1571.HK: MAJORITY OF GROUP'S U.S. CUSTOMERS AGREED TO ABSORB ALL OR SIGNIFICANT PORTION OF RECENTLY IMPOSED ADDITIONAL U.S. TARIFFS COLLABORATING WITH ITS CUSTOMERS TO REDIRECT DELIVERIES THROUGH ITS MEXICAN OPERATIONS TO AVOID U.S. TARIFFS. GROUP HAS ARRANGED FOR RELOCATION OF CERTAIN MANUFACTURING PROCESSES TO ITS PRODUCTION FACILITIES IN MEXICO AND MALAYSIA Further company coverage: 1571.HK ((Reuters.Briefs@thomsonreuters.com;))