Dongshan Precision has announced that its wholly-owned subsidiary intends to inject an additional US$350 million into Hong Kong Chaoyi or one of its subsidiaries, utilizing both cash and debt-to-equity swaps. This strategic move aims to bolster the construction of high-end printed circuit board projects and facilitate the conversion of loans extended by Hong Kong Holdings to Hong Kong Chaoyi into equity. Consequently, this initiative will significantly strengthen the capital base of Hong Kong Chaoyi. Post-capital injection, Hong Kong Chaoyi will continue to operate as a wholly-owned subsidiary under Hong Kong Holdings.
