Yangling Metron New Material to Proceed With Completion of High-Efficiency Diamond Wire Construction Project

MT Newswires Live

2024/10/10

Yangling Metron New Material (SHE:300861) said it will proceed with completing the high-efficiency diamond wire construction project.

The advanced materials manufacturer will also permanently supplement working capital with surplus funds of 326.1 million yuan, according to a Thursday filing with the Shenzhen bourse.

Yangling Metron New Material changed the scale of the project to 500 high-efficiency diamond wire production lines with an annual output of about 54 million kilometers from the initial 300 high-efficiency diamond wire production lines with an annual output of 15 million kilometers.

Shares of the company rose 1% in recent trade.

Price (RMB): Â¥23.01, Change: Â¥+0.33, Percent Change: +1.46%

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