Oboya Horticulture Industries AB (publ) has through its wholly owned subsidiary Qingdao Oboya Agriculture Technology Co., Ltd ("The Company") in Qingdao, China received a large order from ChengFa Investment Group Co.,Ltd in China. The order amounted to CNY 24.8 million, corresponding to approximately SEK 31 million.

The order concerns the construction of a modern greenhouse complex ("Chengfa International Peony Garden") in an area of 36,480 sqm to Qingdao City, China, and also includes consulting and technical services. Chengfa International Peony Garden is a major project in Qingdao, China, and the entire project is estimated to CNY 1 billion. The company has received a major order and is expected to receive more orders from ChengFa Investment Group in the future. The construction of the greenhouse complex expects to start from first quarter and ended in second quarter 2018.

Erik Penser Bank is Oboyas Certified Adviser at Nasdaq First North.

 

For any inquiry regarding this press release, kindly contact:

 

Mikael Palm Andersson, CEO Oboya Horticulture Industries AB (publ)

Phone: + 46 (0)70 899 80 70

E-mail: mpa@oboya.se

Homepage: www.oboya.se

This information is insider information that Oboya Horticulture Industries AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15.50 on January 25 th, 2018.

 

About Oboya Horticulture Industries AB

Oboya Horticulture aims to become a world-leading total supplier of consumables and logistics products for the cultivation industry as well as consumer products for home cultivation and indoor environments. Production takes place in factories in China, Poland, Denmark, Vietnam and Kenya. More information about the company is available at www.oboya.se.