Guangdong Hongtu Technology (002101.SZ) plans to establish a wholly-owned subsidiary to engage in magnesium alloy die casting business.

19:35 02/09/2026

Guangdong Hongtu (002101.SZ) announced that in order to diversify its product range and business fields, and to cultivate new profit growth points in the precision forming sector, the company plans to invest in the establishment of a wholly-owned subsidiary, Guangdong Hongmei New Material Technology Co., Ltd., in Gaoyao District, Zhaoqing City, to engage in magnesium alloy die casting business. The company will use the newly established subsidiary as the implementing entity to invest in and construct relevant capacity for the magnesium alloy die casting business, with a total project investment of 274 million yuan.

Guangdong Hongtu Technology (002101.SZ) announced that, in order to enrich its product varieties and business fields, and to cultivate new profit growth points in the precision molding sector, the company plans to invest in a wholly-owned subsidiary, Guangdong Hongmao New Materials Technology Co., Ltd., in Gaoyao District, Zhaoqing City, to engage in magnesium alloy die-casting business. The company will use the newly established subsidiary as the implementation entity to invest in and construct the relevant capacity for the magnesium alloy die-casting business, with a total investment of 274 million yuan.

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