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Shengyang Science and Technology Plans 876-Million-Yuan Investment in Satellite, Display Project

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Zhejiang Shengyang Science and Technology (SHA:603703) plans to invest up to 876 million yuan in a satellite internet communication terminal and smart display device intelligent manufacturing project in Zhejiang, China.

The project will focus on research and development and mass production of satellite internet communication terminal products, while building a new intelligent digital production line for display devices, according to a weekend filing with the Shanghai bourse.

Construction will take 36 months from Dec. 31.

Shares of the communication equipment manufacturer closed 6% lower Monday.

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