Stock News: Hengxin Technology unit expands capacity

Hengxin Technology Ltd said its wholly owned unit in China, Jiangsu Hengxin Technology Co Ltd, has raised production capacity of its radio frequency coaxial cables for mobile communications to 36,000 kilometers annually from 33,000 kilometers. The upgrade cost 1.2 mln yuan in investments in machinery and installation, which was funded internally, the company said. "The increase in production capacity is expected to contribute positively to our group's earnings per share and net tangible asset for the current financial year," Hengxin said in a statement.