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Rising Nonferrous Metals Share Co Ltd to Set up Joint Venture with TDK CORP and TOKAITRADE CO., LTD.


Friday, 26 Apr 2013 08:00pm EDT 

Rising Nonferrous Metals Share Co Ltd announced that it will invest USD 12.21 million to set up a joint venture with TDK CORP and TOKAITRADE CO., LTD., with each to hold a 37% (the Company), a 59% and a 4% stake. The joint venture will be based in Guangdong and with a registered capital of USD 33 million, and be engaged in the production, processing and sale of neodymium magnetic materials. 

Company Quote

46.2
-0.57 -1.22%
11:23pm EDT