Dongshan Precision's subsidiary, DSG, intends to acquire 100% of the equity in French automotive components supplier GMD Group for a sum of 100 million euros, alongside initiating a debt restructuring process for GMD. Upon the successful conclusion of this transaction, GMD Group will transform into a wholly-owned subsidiary of Dongshan Precision, thereby facilitating the expansion of Dongshan Precision's global automotive customer base and enhancing its financial stability and operational efficiency.
