On August 5, Dongshan Precision announced that its wholly-owned subsidiary, Hong Kong Holdings, intends to invest US$350 million (approximately 2.498 billion yuan) to augment the capital of Hong Kong Chaoyi Group. This infusion of funds aims to propel the construction of high-end printed circuit board (PCB) projects and facilitate the conversion of existing loans into equity, thereby strengthening the capital base of Hong Kong Chaoyi. Following this capital increase, Hong Kong Chaoyi will continue to operate as a wholly-owned subsidiary of Hong Kong Holdings.
