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Shengyi Electronics to Raise Investment Into Thai Plant Construction By $70 Million; Shares Up 6%
Shengyi Electronics (688183.SH): The Thai company plans to increase the investment amount by 0.07 billion US dollars.
On August 20th, Gelonhui reported that Shengyi Electronics (688183.SH) plans to increase its investment in Thailand by $0.07 billion based on its construction plans and development needs. The investment amount will increase from $0.1 billion to $0.17 billion, with funds coming from existing and self-raised sources. The additional $0.07 billion will mainly be used for architecture engineering, production, and testing equipment of the Thai company. This increase in investment by the Thai company is based on its actual operational development needs, and aims to ensure high-quality project construction, promote sustainable operations and development, and is in line with the company's global strategy. The funds for this investment come from self-funding.
We Think Shengyi Electronics (SHSE:688183) Has A Fair Chunk Of Debt
Shengyi Electronics (688183.SH): 0.523 billion restricted shares will be released on August 26th.
On August 15th, Gelon Hui reported that the total number of stocks for SHSE:688183 Shengyi Electronics' initial public offering is 0.523 billion. The stocks will go public on August 26th, 2024.
Shengyi Electronics (688183.SH): currently focusing on the mass production of 400G optical module PCB products and delivery of 800G optical module PCB product samples.
On July 30, Gelunhui reported that Shengyi Electronics (688183.SH) stated on the investor interaction platform that the company has been carrying out the orderly research and development of the project "Research and Development of High-end Optic Modules of 400G and Above Printed Circuit Boards". Currently, the focus is on the mass production of 400G optical module PCB products and the sample delivery of 800G optical module PCB products. Up to now, the company's optical module PCB products account for relatively little.
Shengyi Electronics (688183.SH): Rarely uses silver-related raw materials.
On July 22nd, GeLongHui reported that Shengyi Electronics (688183.SH) stated on the investor platform that the company's purchased raw materials mainly include copper-clad laminates, semi-cured sheets, gold salts, copper balls, copper foils, dry films, and inks, and rarely use silver-related raw materials.
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