WUS Printed Circuit Proposes to Set Up Subsidiary for $300 Million

MT Newswires Live

01/13

WUS Printed Circuit (Kunshan) (SHE:002463) proposed to establish a subsidiary for $300 million to manage the construction of a high-density optoelectronic integrated printed circuit board (PCB) production base, according to a Shenzhen bourse filing on Tuesday.

The planned subsidiary will have a registered capital of $100 million.

The production base is expected to produce approximately 1.3 million pieces of high-density optoelectronic integrated PCBs every year and earn an additional annual operating revenue of about 2 billion yuan.

The PCB manufacturer's shares rose over 1% during the morning trade.

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