China Tungsten and Hightech Materials (SHE:000657), through its subsidiary Shenzhen Jinzhou Precision Technology, will construct a 190 million yuan plant that will produce high-precision micro tools for artificial intelligence or AI printed circuit boards, according to a Monday disclosure on the Shenzhen bourse.
The nonferrous metals company's shares fell 3% during the morning trade.
The plant will produce 140 million high-precision micro tools for AI PCBs.