CKGT: Land acquisitions.
For those who may have missed it, (and I did at first), there are two in the 3rd q filing. The first we know about already, but second one is new.
The first has been paid for with cash, for 49,000 sq. meters of land.
The second acquisition which should be paid in full by the end of next month, is for 181,854 square meters of land.
The only conclusion I can arrive at is they must be expecting strong demand for their new products and they're gearing up for it. My guess is the ciggys are going to play a large role in 2010's revenue and income growth, and that's why they're buying rights to this 2nd, larger piece of property.
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