JLC Technology Plans 1.5 Billion-Yuan Investment in Guangdong Production Base

MT Newswires Live

08/27

Shenzhen JLC Technology (SHE:001232) will invest 1.5 billion yuan in a new printed circuit board and printed circuit board assembly production base in China's Guangdong Province.

The 36-month project will acquire 95 mu of land and requires at least 800 million yuan in fixed assets, according to a Thursday filing with the Shenzhen bourse.

In a separate news release, the circuit board manufacturer proposed an interim dividend of 0.5 yuan per share.

Shares of the company rose 10% in recent trade.

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