Vico Precision (301499.SZ) plans to build a production base in Thailand no more than 40 million US dollars

Zhitongcaijing · 10/18 10:25

Zhitong Finance App News, Vico Precision (301499.SZ) announced that in order to meet the diverse needs of overseas customers and obtain incremental customers and orders, the company plans to use its own capital and self-raised funds through its wholly-owned subsidiary VICO TECHNOLOGY PTE. LTD. (“Vicco Singapore”) invested no more than US$40 million (inclusive) in Sun's company Vico Technology (Thailand) Co., Ltd. (“Thai Vicco”) to build a production base in Thailand. The project aims to produce the main products: precision automotive electronic components products.