Suzhou Weixin Is Funded By Usd 40 Million Dongshan Precision, And The Circuit Board Business Is Moving To A New Level

- Nov 17, 2018-

Suzhou Dongshan Precision Manufacturing Co.,Ltd announced recently that it plans to increase its registered capital of Suzhou weixin electronics Co.,Ltd from 128.8 million us dollars to 168.8 million us dollars through its subsidiary Singapore weixin with its own capital to the wholly owned subsidiary Suzhou weixin electronics Co.,Ltd.

Public information, suzhou visa is the M - FLEX in wuzhong economic development zone investment solely invested enterprise, is a production, assembly, sales of flexible circuit board, multilayer flexible plate, just flexible printed circuit boards and small power supply devices such as electronic manufacturers, because of dongshan precision in 2016 to spend 3.984 billion yuan to buy the M - FLEX, thus indirectly holds a 100% stake in the suzhou visa.

Dongshan precision said in the announcement that the capital increase is mainly used for suzhou weixin to supplement working capital, to support its expansion of market space and enhance market competitiveness.It can also be seen from the side that suzhou weixin's performance during dongshan precision recognition.In 2017, the annual revenue of suzhou weixin reached 6.268 billion and the net profit was about 1.34 billion.In the first half of 2018, operating revenue of suzhou weixin was 2.366 billion;Net profit was about 11.58 million and total assets reached 5.894 billion.