Shengyi Electronics (SHA:688183) plans to add $70 million to its investment for the construction of a new printed circuit board production base in Thailand, according to a disclosure on the Shanghai Stock Exchange.
The additional investment will be spent on construction and equipment.
The Chinese multilayer printed circuit board manufacturer originally estimated to spend only $100 million on the project. The total investment is now raised to $170 million.
Shares of the company jumped less than 6% in recent trade.
Editor:Lulu
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