Dixon Technologies (India) enters into binding Term Sheet with Chongqing
Term Sheet aims to form a prospective Joint Venture in India, through an optimum structure, to be mutually agreed between Dixon and Chongqing
Dixon Technologies (India) and Chongqing Yuhai Precision Manufacturing (Chongqing) have entered into a binding Term Sheet to form a prospective Joint Venture in India, through an optimum structure, to be mutually agreed between Dixon and Chongqing such that 74% of the total paid up share capital of the joint venture company is held by Dixon and 26% of the total paid up share capital of the joint venture company is held by Chongqing. The proposed Joint Venture will undertake the business of manufacturing and supply of precision components for laptop, mobile phones, IoT, automotive and any other products which both Parties agree, in India.
Dixon Technologies (India) is fully integrated end-to-end product and solution suite to original equipment manufacturers (OEMs) ranging from global sourcing, manufacturing, quality testing and packaging to logistics.
