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Dongshan Precision Manufacturing's Unit Proposes $500 Million Contribution to Subsidiary; Shares Down 4%

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Suzhou Dongshan Precision Manufacturing's (SHE:002384) unit, Hong Kong Dongshan Holding, proposed to contribute $500 million to its subsidiary, Multek Group (Hong Kong), according to a Shenzhen bourse filing on Saturday.

The Chinese printed circuit board manufacturer's shares fell 4% during Monday's morning trade.

The contribution will help further strengthen Multek's operating capital and support its business development.

Multek engages in investment, research and development, manufacturing and trading.

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