China's Bolton (03318) increased by nearly 60% at the end of the session. As of press release, it rose 56.8% to HK$2.65, with a turnover of HK$11.5575 million.
The Zhitong Finance App learned that China's Bolton (03318) increased by nearly 60% at the end of the session. As of press release, it had risen 56.8% to HK$2.65, with a turnover of HK$11.5575 million.
According to the news, China's Bolton announced that the Shenzhen Nanshan District Government plans to expropriate a plot of land owned by the subsidiary Shenzhen Bolton to build a high-speed railway hub and related projects. The relevant departments have provided compensation plans to Shenzhen Bolton.
Tianfeng Securities pointed out that according to the company's announcement, the company plans to invest more resources to develop electronic atomizers, and has successfully acquired land in Zhongkai District, Huizhou City, Guangdong Province to build an intelligent manufacturing base for electronic atomizers. The project is a strategic move for the company to expand its e-cigarette product division. The construction period is 2023-2025. The bank believes that the amount of land acquisition compensation will increase the company's capital reserves and is expected to accelerate the company's business expansion. Furthermore, with the implementation of domestic regulations, the integrated layout of the company's industrial chain has outstanding advantages, which is expected to further promote the layout of domestic and foreign channel networks.