Dongshan Precision injects $350m into Hong Kong subsidiary

Suzhou Dongshan Precision Manufacturing is injecting $350 million into its wholly-owned subsidiary, Hong Kong Dongshan Holding Limited, which will then increase the capital of Hong Kong Super Eagle.

The funding, comprising both debt-to-equity conversion and cash, aims to strengthen Hong Kong Super Eagle's capital for its high-end printed circuit board project and optimize its asset-liability structure.

The company's registered capital is increasing from RMB 1.71 billion to RMB 1.83 billion due to the issuance of 125.7 million new A-shares.