World Precision Machinery has reported earnings of RMB53.9 million ($11.0 million) for the 1QFY2021 ended March, reversing from its losses of RMB5.1 million the year before. Revenue for the quarter surged 97.7% y-o-y to RMB290.8 million due to higher sales in conventional stamping machines and high ...

A WHOLLY-OWNED subsidiary of mainboard-listed World Precision Machinery (WPM) has signed a memorandum of understanding (MOU) to sell three Shenyang factory buildings and their associated land to a unit owned by a director, the company said in a bourse filing on Monday.