NBTM New Materials Establishes Subsidiary for 700-Million-Yuan Tech Project; Shares Down 3%
MT Newswires Live
Yesterday
NBTM New Materials (SHA:600114) subsidiary Guangdong NBTM Huajing Technology has been officially registered in Dongguan, marking progress on its 700-million-yuan technology base project.
Guangdong NBTM Huajing Technology, with registered capital of 150 million yuan, will focus on metal injection molding technology, new materials research and development, and precision manufacturing.
The project includes 600 million yuan in fixed asset investment for facilities and equipment.
Shares of the powder metallurgy machinery parts manufacturer were down 3% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.