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Jiangxi Redboard Technology to Invest 300 Million Yuan in New Plant; Shares Down 4%

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Jiangxi Redboard Technology (SHA:603459) will invest 300 million yuan via subsidiary Ganzhou Hongban to build a new standardized production plant and auxiliary facilities in Jiangxi, China.

The four-story, 29,000-square-meter plant will support the company's high-end precision printed circuit board capacity expansion for communications, consumer electronics, automotive and display applications.

Construction is set to begin in October with a timeline of 24 months.

Shares of the printed circuit board manufacturer declined 4% in recent trade.

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