Tat Seng Packaging acquires land in Nantong for $4.53 mil to expand China business

SINGAPORE (Feb 26): Tat Seng Packaging says that its subsidiary, Nantong Tat Seng Packaging, was awarded the tender of a piece of land located in Xiting Town, Nantong, China, subject to the agreement to be signed, for a consideration of RMB 21.9 million ($4.53 million).

The area of land is about 74,115 sqm with a lease term of 50 years.

The group intends to use the land to build a new factory and expand its existing Nantong Tat Seng business.

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