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.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。