Gelonghui May 24 δΈ¨ Shenghong Technology (300476levvvelcomcoinmasterfreespins2020.SZ) announcedlevvvelcomcoinmasterfreespins2020In order to meet the various needs of overseas customers, comply with the trend of international development, and accelerate the strategic layout of overseas manufacturing bases, the company plans to adopt a wholly owned subsidiary VICTORY GIANT TECHNOLOGY(SINGAPORE) PTElevvvelcomcoinmasterfreespins2020. LTD. (referred to as "Singapore Shenghong") invests in the construction of high-precision printed circuit board projects in Vietnam to produce high-multilayer printed circuit boards and HDI. The planned investment amount is planned to not exceed US$260 million, including but not limited to establishing new companies, purchasing land, new factories and engineering construction, purchasing production equipment and supporting facilities and other related matters. The actual investment amount is subject to approval by relevant Chinese and local authoritieslevvvelcomcoinmasterfreespins2020The amount shall be subject to. The company will implement the construction of Vietnam's production base in stages based on market demand and business progress. The company's board of directors agreed to authorize the company's chairman or personnel authorized by the chairman to handle all matters related to the company's establishment of a Vietnamese company and the construction of a Vietnamese production base. The authorization period starts from the date of review and approval by the company's board of directors to the date of completion of the authorization matters.
