Zhitong Finance App News, Tianhe Magnetic Materials (603072.SH) issued an announcement. Based on the company's overall strategic development plan and actual operating needs, the company and Shenzhen Liantuo jointly invested in the establishment of Tianhe Magnetic Materials (Guangdong) Co., Ltd. (hereinafter referred to as “Guangdong Tianhe”). Guangdong Tianhe has a registered capital of 12 million yuan, of which the company pledged 10.08 million yuan, accounting for 90.00% of the registered capital; Shenzhen Liantuo pledged 1.2 million yuan, accounting for 10.00% of the registered capital. As of the disclosure date of this announcement, Guangdong Tianhe has completed the industrial and commercial registration procedure and obtained a business license.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.