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Jiangsu Sidike New Materials Establishes Shanghai Subsidiary

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Jiangsu Sidike New Materials Science & Technology (SHE:300806) established a wholly-owned subsidiary, Sidike Shanghai New Material Technology, with registered capital of 10 million yuan, according to a Tuesday filing with the Shenzhen bourse.

The unit will focus on new material research and development, electronic special materials, membrane materials, and technical services.

Sidike Shanghai New Material Technology has completed its registration procedures and received its business license from the Shanghai Xuhui District Market Supervision Administration.

Shares of the manufacturer of general protective materials and adhesive products rose 3% in recent trade.

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