Delton Technology Plans RMB6 Billion Dongguan Smart Manufacturing HQ Project
Delton Technology Plans RMB6 Billion Dongguan Smart Manufacturing HQ Project
Publish Date: 2026-06-23 19:11:00
Source Domain: www.theglobeandmail.com
Delton Technology (Guangzhou) Inc. plans to invest about RMB6.0 billion to develop its Dongguan Smart Manufacturing Headquarters Project in Machong Town within the Dongguan Waterfront Economic Zone, either directly or through a wholly owned subsidiary. The move is aimed at refining the company’s industrial layout and enhancing its capacity to meet customer needs in China’s smart manufacturing sector.
The board is seeking a shareholder mandate to bid for the required land-use rights via tender, auction or listing-for-sale, a transaction that qualifies as a major acquisition under Hong Kong listing rules. The project has already been approved by the board and will require endorsement at an extraordinary general meeting, with a detailed circular to be published, while investors are cautioned that the potential acquisition may or may not proceed to completion.
The most recent analyst rating on (HK:1989) stock is a Buy
with a HK$205.00 price target.
To see the full list of analyst forecasts on Delton Technology (Guangzhou) Inc. Class H stock,
see the HK:1989 Stock Forecast page.
More about Delton Technology (Guangzhou) Inc. Class H
Delton Technology (Guangzhou) Inc. is a PRC-incorporated joint stock company listed in Hong Kong, operating in the technology and smart manufacturing sector. The company focuses on building advanced manufacturing capabilities and industrial layouts to better serve customer demand in China’s growing smart manufacturing and industrial upgrading markets.
Average Trading Volume: 2,300,893
Current Market Cap: HK$8.47B
