Small spacing and expand overseas market connected with three subsidiary of Dongshan precision

Dongshan precision (002384) June 29th evening announcement, the company decided to set up a joint venture with the natural person Yu Peng and natural person KO SU PLOW, a joint venture company named "Dongguan Dongshan forward display Co., ltd.". Dongshan prospective registered capital of 10 million yuan. Dongshan precision investment 5 million 100 thousand yuan, accounting for the registered capital of 51%.

The joint venture company is engaged in the R & D, production and sales of electronic display products and electronic label products. Dongshan precision, said the investment will further enhance the company's competitiveness and market share in the market segments of small spacing products, through the synergy to create a competitive advantage in the market segments, optimizing the industrial structure of the company.

At the same time, Dongshan precision investment in Finland to set up a wholly owned subsidiary of Dongshan precision (Finland) Co., Ltd., is mainly responsible for the company's business in Finland, the registered capital of 100 thousand euros; intends to invest in the United States to set up a wholly-owned subsidiary of Dongshan precision (USA) Co. Ltd., mainly responsible for company's operations in North America, the registered capital of 1 million US dollars.

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