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NBTM New Materials Establishes Subsidiary for 700-Million-Yuan Tech Project; Shares Down 3%

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NBTM New Materials (SHA:600114) subsidiary Guangdong NBTM Huajing Technology has been officially registered in Dongguan, marking progress on its 700-million-yuan technology base project.

Guangdong NBTM Huajing Technology, with registered capital of 150 million yuan, will focus on metal injection molding technology, new materials research and development, and precision manufacturing.

The project includes 600 million yuan in fixed asset investment for facilities and equipment.

Shares of the powder metallurgy machinery parts manufacturer were down 3% in recent trade.

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