Langwei Group (301202.SZ) plans to invest up to 18 million US dollars to purchase land in the United States to expand its international market share.

Financial news app Zhitong reported that Langwei Corp. (301202.SZ) announced that, in accordance with its business development needs, its wholly-owned subsidiary LONGWAY US Corp. is planning to acquire land and a factory building located at 1500 South Cass Road, Geneva, Illinois, USA, through cash payment. The transaction price will not exceed 18 million US dollars.