KYEC has withdrawn from mainland China and increased its investment in Taiwan this year by NT$12.281 billion | Technology Industry | Industrial Economics

KYEC decided to withdraw from mainland China and sell all the shares of its Suzhou subsidiary Jinglong Technology. After obtaining funds and profits, it decided to invest more in Taiwan and issue additional dividends in the next two years. KYEC’s board of directors approved today to increase the amount of capital expenditure for this year to 12.281 billion yuan, an increase of more than 50% from last year.

Due to the recent surge in orders, KYEC has simultaneously expanded its investment in Zhunan and Tongluo factories, and is planning to start the expansion of Tongluo Factory 4. The company emphasized that it will also invest and develop in Taiwan plus one, and set up additional production bases overseas. However, currently There is no specific plan yet. This year’s capital expenditure of 12.281 billion yuan does not cover Taiwan Plus One, of which 8.779 billion yuan is used for KYEC itself and about 3.5 billion yuan for its subsidiaries.