On June 7, Suzhou Dongshan Precision Manufacturing Co., Ltd. (002384) issued a notice saying that the acquisition of 100% equity of MFLX Company related to the company's non-public offering of shares has passed the National Development and Reform Commission, the Ministry of Commerce, and the Jiangsu Province Business. The filing, approval, or approval of the Office, the US Securities and Exchange Commission, the US Foreign Investment Commission, and the US Federal Trade Commission. In addition, it is necessary to obtain the filing or approval of the MFLX shareholders meeting, the national foreign exchange management department and other relevant departments. MFLX is one of the world's largest suppliers of professional flexible circuit boards and flexible circuit components. Its revenues are mainly from the mobile market, and its end products include smartphones, tablets and home electronics. As a new growth point, MFLX has been expanding its field of wearable devices and auto parts since 2015. In 2015, MFLX achieved operating income of 637 million US dollars and net profit of 45.082 million US dollars.
Dongshan Precision's main business covers precision metal manufacturing and precision electronics manufacturing. The precision electronics manufacturing business mainly serves the consumer electronics, LED lighting and other industries. The main products include LED devices, touch panels and LCM modules. Control panels and LCM modules are mainly used in consumer electronics such as smartphones and tablets.
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