JIT develops Shanghai factory

Singapore electronics contract manufacturer JIT Holdings will develop a US$6.5 million facility in Pudong, Shanghai, to house the group's Chinese activities. JIT offers manufacturing and distribution services to original equipment manufacturers in electronics. On Monday, it said it had received approval in principle to list on the main board of the Stock Exchange of Singapore. The Shanghai facility would be its first major commitment to China, and include PCB assembly, product building and regional distribution operations, JIT said.