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Fervent acquires industrial land in Changshu
VIBRANT Group Ltd has announced that its subsidiary, Fervent Industrial Development (Suzhou) Co, Ltd has acquired a 50-year leasehold industrial land in Changshu High Tech Industrial Park, CEDZ, Jiangsu.
The leasehold is for a total land area of 76,553 square metres worth 24.1 million yuan (S$4.94 million). It is located next to Fervent's first completed Changshu Fervent Industrial Park in Changshu.
Vibrant's subsidiaries have an effective 48 per cent shareholding interest in the project which was funded by internal sources.