Nanping Sun Cable Ties Up With Plastic Manufacturer to Set Up 30 Million Yuan Joint Venture

MT Newswires Live

2025/03/10

Fujian Nanping Sun Cable (SHE:002300) partnered with Hangzhou High-tech Materials Technology, a polymer rubber and plastic manufacturer, to establish a 30 million yuan joint venture, according to a March 7 filing with the Shenzhen bourse.

The venture, Fujian Nanping Sun High-tech Cable Materials, will produce plastic products.

The Chinese wire producer will own 49% of the venture after investing 14.7 million yuan into its capital, while Hangzhou High-tech Materials will own 51% after injecting 15.3 million yuan.

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