Sotech Smarter Equipment Co Ltd has successfully completed the purchase of 50,000sqm of industrial land in Tsuihang New District. 

On April 10, Sotech announced that the company has signed the land employment contract with Zhongshan Bureau of Land Resources on April 4, saying to buy the use right of the 54,620.5sqm-large state-owned land located at the starting area of Tsuihang New District in Nanlang Town, Zhongshan for 50 years with 57.352mn yuan.

After the purchase, Sotech plans to build the “Sotech Intelligent Equipment Industrial Park” and the “Sotech Intelligent Equipment R&D Center” on the land to further optimize resource allocation and to enhance both the R&D strength and production capacity of smart equipment products of the company.