Dongshan Precision (002384.SZ) subsidiary DSG intends to acquire 100% equity and debt restructuring of French GMD Group.

The Zhixin Finance APP reports that Dongshan Precision (002384.SZ) announced that the company has agreed for its subsidiary DSBJ PTE. LTD (referred to as "DSG") to acquire 100% equity of Groupe Mcanique Dcoupage (referred to as "GMD Group" or "Target Company") and to restructure its debts, with a total amount of approximately 100 million euros (equivalent to about 814 million yuan). After the completion of this transaction, the company's subsidiary DSG will hold 100% equity of GMD Group, making GMD Group a wholly-owned subsidiary of the company.