Asia
WCON Electronics to Invest $10 Million in Thai Unit
WCON Electronics (SHE:301328) will invest an additional $10 million in its Thai subsidiary.Proceeds will be used for factory and dormitory construction as well as fixed asset purchases, according to a Tuesday filing with the Shenzhen bourseThe subsidiary is currently in its factory renovation and equipment installation phase with no actual operations yet.Shares of the electronic connector producer closed 1% higher Wednesday.
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