HUAI’AN, CHINA – Pengding Holding Group signed with the Huai'an Economic and Technological Development Zone to invest ¥5 billion (US$724.5 million) here on an HDI and SLP carrier board manufacturing plant.

Construction includes intelligent manufacturing plants, water treatment centers, warehouses and other production auxiliary facilities.

The firm’s 2019 revenue was ¥9 billion yuan. As of June, the firm had invested ¥6.8 billion in the region.

Ed.: ¥1 = US$0.14

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