Dongshan Precision (002384) announced on the evening of June 29 that the company decided to jointly establish a joint venture with natural person Yu Peng and natural person KO SU PLOW. The name of the joint venture company is “Dongguan Dongshan Prospect Display Co., Ltd.â€. Dongshan forward-looking registered capital of 10 million yuan. Dongshan Precision invested 5.1 million yuan, accounting for 51% of the registered capital.
The business scope of the joint venture company is the development, production and sales of electronic display products and electronic identification products. Dongshan Precision said that this investment will further enhance the company's competitiveness and market share in the small-pitch product segment, and create a competitive advantage in the market segment through synergy to optimize the company's industrial structure.
At the same time, Dongshan Precision intends to invest in Finland to establish a wholly-owned subsidiary Dongshan Precision (Finland) Co., Ltd., which is mainly responsible for the company's business in Finland with a registered capital of 100,000 euros; it plans to invest in the United States to establish a wholly-owned subsidiary Dongshan Precision (USA) Ltd., mainly responsible for the company's business in North America, with a registered capital of 1 million US dollars.
The business scope of the joint venture company is the development, production and sales of electronic display products and electronic identification products. Dongshan Precision said that this investment will further enhance the company's competitiveness and market share in the small-pitch product segment, and create a competitive advantage in the market segment through synergy to optimize the company's industrial structure.
At the same time, Dongshan Precision intends to invest in Finland to establish a wholly-owned subsidiary Dongshan Precision (Finland) Co., Ltd., which is mainly responsible for the company's business in Finland with a registered capital of 100,000 euros; it plans to invest in the United States to establish a wholly-owned subsidiary Dongshan Precision (USA) Ltd., mainly responsible for the company's business in North America, with a registered capital of 1 million US dollars.
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