Luxshare Precision Industry

Luxshare Precision will invest up to CNY 483 million to build a new subsidiary, Yian Luxshare Co., Ltd., in Nghe An province, Vietnam, to produce connectors, cables and computer peripherals.

Luxshare Precision will invest up to CNY 1.243 billion to expand production capacity for smart wearable devices at its subsidiary Luxshare Precision (Vietnam) Co., Ltd.

Luxshare Precision announced it will invest up to CNY 1.726 billion in Vietnam, including CNY 483 million to build a new subsidiary (Yian Luxshare) and CNY 1.243 billion to expand capacity at its existing Vietnam subsidiary for smart wearable devices.