Guangdong Hongtu Unveils Plans to Set Up a Fully-Owned Subsidiary for Its Magnesium Alloy Die-Casting Operations - Smart Car

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Guangdong Hongtu Unveils Plans to Set Up a Fully-Owned Subsidiary for Its Magnesium Alloy Die-Casting Operations

2 day ago / Read about 0 minute

Author：小编

Guangdong Hongtu has officially declared its intention to allocate RMB 274 million towards the establishment of a fully-owned subsidiary, tentatively named Guangdong Hongmei New Material Technology Co., Ltd. This new entity will be situated in the Gaoyao District of Zhaoqing City and will specialize in the magnesium alloy die-casting sector. The subsidiary will boast a registered capital of RMB 200 million, with Guangdong Hongtu retaining a 100% stake in the venture.

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