OKE Precision Cutting Tools to Establish Tungsten Wire JV

MT Newswires Live

2025/06/05

OKE Precision Cutting Tools (SHA:688308) subsidiary OKE New Energy will invest with Jiangsu Ruiqu and related party Tancheng Ouruida to establish a joint venture focused on tungsten wire for solar applications.

The new company, OKE (Shandong) New Energy, will be capitalized at 50 million yuan and will be 60%-owned by OKE New Energy, according to a Thursday filing with the Shanghai bourse. Jiangsu Ruiqu and Tancheng Ouruida respectively hold the remaining 25% and 15% stakes.

Shares of the cutting tools maker closed less than 2% higher Thursday.

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Jiangsu Ruiqu and Tancheng Ouruida respectively hold the remaining 25% and 15% stakes.</p><p>Shares of the cutting tools maker closed less than 2% higher Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1621767810.EUR","symbol_name":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2541104444","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541104444","pubTimestamp":1749111273,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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