Dongshan Precision plans to raise funds of 1.1 billion yuan to expand production of LED devices and other projects

On April 19, Dongshan Precision issued a non-public offering plan. The company plans to issue no more than 62 million shares, raising no more than 1.081 billion yuan, and the issue price is not less than 17.39 yuan per share.

The raised funds will be invested in four fundraising projects for the expansion of precision sheet metal parts, precision metal structural parts, precision electronic components and LED devices and precision modules. The total investment of the project is 176 million yuan, 119 million yuan and 250 million yuan respectively. And 537 million yuan. Dongshan Precision said that the fundraising project will help improve the company's precision manufacturing business system and comprehensively establish two pillars of precision metal manufacturing and precision electronics manufacturing.

In addition, Dongshan Precision intends to use the total share capital at the end of the period as the base, and distributes a cash dividend of 1 yuan, 8 shares, and 2 bonus shares to every 10 shares of all shareholders.

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