Wus Printed Circuit Kunshan (SHE:002463) will absorb Kunshan Pujiang Warehousing Facilities, following its recent acquisition for 206.7 million yuan.
The move aims to unify planning for capacity expansion at Kunshan Pujiang Warehousing Facilities' factory premises while streamlining management and cutting administrative costs, according to a Monday filing with the Shenzhen bourse.
Shares of the printed circuit board manufacturer were up 2% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments