S&N RE Magnet invests RMB36 million to build subsidiary
2017-03-28 18:11:36 [Print]
S&N RE Magnet published investment announcement on 23 March that the company plans to build a wholly-owned subsidiary, Anhui Luojin Magnet Energy Saving System Co., Ltd. with the registered capital of RMB36 million, which will be subjected to the final approval of Industrial and Commercial Administration.
According to the announcement, the planned subsidiary will engage in magnetoelectricity energy saving products, rare earth permanent magnet elements, magnetic material elements, hardware mechanical and electrical products and the R&D, production, sales and import & export of other metal products.
This investment puts S&N RE Magnet’s tactic plans into practice, which helps the company to expand business, improve comprehensive competitiveness, create larger benefits for shareholders and promote the sustainable development of the company.
Public data show that S&N RE Magnet listed in “new three board” on 19 February 2016 and is an enterprise in base layer, transferred by negotiation, whose major businesses including high-performance rare-earth permanent magnet NdFeB, ferrite material, samarium cobalt and R&D, production, sales and services of other application products.
According to the announcement, the planned subsidiary will engage in magnetoelectricity energy saving products, rare earth permanent magnet elements, magnetic material elements, hardware mechanical and electrical products and the R&D, production, sales and import & export of other metal products.
This investment puts S&N RE Magnet’s tactic plans into practice, which helps the company to expand business, improve comprehensive competitiveness, create larger benefits for shareholders and promote the sustainable development of the company.
Public data show that S&N RE Magnet listed in “new three board” on 19 February 2016 and is an enterprise in base layer, transferred by negotiation, whose major businesses including high-performance rare-earth permanent magnet NdFeB, ferrite material, samarium cobalt and R&D, production, sales and services of other application products.
