Konka subsidiary invests CNY1 billion in memory chip project in Yancheng

A subsidiary of Konka Group will invest CNY1 billion (USD142.3 million) in a memory chip project in Yancheng, Jiangsu province, China. The fixed-asset investment is CNY501 million.

“Konka's subsidiary penned a cooperation agreement with the city of Yancheng in Jiangsu province regarding the project with a fixed-asset investment of CNY501 million.”www2.yicaiglobal.com

• 1 source
• www2.yicaiglobal.comChina's Konka to Put USD142.3 Million Into Third Chip Plant to Fuel TransformationTang ShihuaNov 26, 2019

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