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JCET to Set Up Subsidiary, Facility for 7.80 Billion Yuan; Shares Up 10%

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Jiangsu Changjiang Electronics Technology (SHA:600584), or JCET, plans to establish a subsidiary and a high-end advanced packaging and testing facility for 7.80 billion yuan, according to a Shanghai bourse filing on Thursday.

The proposed subsidiary will have a registered capital of 4 billion yuan.

The facility will be built in two phases, with the first phase expected to be completed in the second half of 2028.

The Chinese integrated circuit manufacturer's shares jumped 10% during the morning trade.

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