Kinwa trade in the Xin,it's good for China PCB Assembly in China.
Reporter yesterday from the electrolytic PCB Assembly copper foil manufacturer in Kinwa was informed, the company's acquisition of the downstream 2.5 billion wholly-owned trading enterprises in Jiangsu Xin Development and Reform Commission has been approved.
This year in July, to be invested in Kinwa 2.5 billion acquisition of a wholly-owned Jiangsu Xin. Kinwa Jiangsu Xin is on the upstream and downstream relationship, the former is the largest manufacturer of high-grade electrolytic copper foil, copper foil tons annual output; while the latter is a PCB Assembly manufacturer with the substrate.
Kinwa said the acquisition could improve the industrial chain in Kinwa layout PCB Assembly, and enhance overall profitability. Reporter noted in 2011 Jiangsu Xin profit of 16 million yuan can be realized, while the Kinwa net profit from January to September this year was 12.68 million, if the acquisition is completed,
Jiangsu Xin will bring in more Kinwa Large performance improvement.