Dongshan Precision plans private share placement for working capital

Suzhou Dongshan Precision Manufacturing (SZSE:002384) announced plans for a private placement of A-shares, intending to raise up to CNY 1.404 billion for general working capital. The offering, directed towards controlling shareholders Yuan Yonggang and Yuan Yongfeng, aims to bolster the company's financial position and support its strategic focus on the consumer electronics and new energy sectors. Yuan Yonggang and Yuan Yongfeng committed to subscribe to shares worth CNY 1.1232 billion and CNY 280.8 million respectively, with an agreement to a 36-month lock-up period.