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Hangzhou Gaoxin Materials Technology Co., Ltd.'s (SZSE:300478) Popularity With Investors Under Threat As Stock Sinks 30%
Fujian Nanping Sun Cable (002300.SZ): Plans to establish a joint venture with Hangzhou Gaoxin Rubber & Plastic Materials to engage in the research, production, and sales of rubber and plastic materials.
On March 7, Gelonghui reported that Fujian Nanping Sun Cable (002300.SZ) announced the establishment of Fujian Nanping Sun Gaoxin Cable Materials Co., Ltd. (tentative name, the final name will be based on the approval of the market supervision and management bureau, hereinafter referred to as "Sun Gaoxin"), in order to integrate the company's resources, ensure the stability and quality of raw material supply, reduce the risks associated with raw material supply, build a more stable Industry Chain, and achieve collaborative industrial development. The joint venture company has a registered capital of 30 million yuan, of which the company will contribute 14.7 million yuan in Cash.
Hangzhou Gaoxin (300478.SZ): plans to establish a holding subsidiary, Fujian Nanping Solar High-tech Cable Materials.
On March 7, Glonghui reported that Hangzhou Gaoxin Rubber & Plastic Materials (300478.SZ) held the ninth meeting of the fifth Board of Directors on March 7, 2025, approving the proposal on external investment to establish a holding subsidiary. The company agreed to jointly invest with Fujian Nanping Sun Cable Co., Ltd. (referred to as "Sun Cable") to establish "Fujian Nanping Sun Gaoxin Cable Materials Co., Ltd." (tentative name, subject to the actual registration), and authorized the management to handle the related matters for the establishment of the holding subsidiary. The new company's business scope will be the manufacturing of plastic products. (Except for projects that must be approved by law)
More Unpleasant Surprises Could Be In Store For Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd.'s (SZSE:300478) Shares After Tumbling 35%
