Boke New Materials (300811.SZ) plans to establish a Hong Kong subsidiary in partnership with Junwei Electronics to engage in the business of magnetic materials, inductors, resistors, and other components.

Zhijun Finance and Economics APP News, BOKA New Materials (300811.SZ) announced that its wholly-owned subsidiary, BOKA Holdings, plans to jointly invest in the establishment of a joint venture company with TFTHK, a wholly-owned subsidiary of Junwei Electronics, in Hong Kong, China. The planned total investment of the joint venture company is 100 million Hong Kong dollars, with TFTHK subscribing for 51 million Hong Kong dollars, accounting for 51% of the shareholding of the joint venture company, and BOKA Holdings subscribing for 49 million Hong Kong dollars, accounting for 49% of the shareholding of the joint venture company. After the establishment of the joint venture company, it is planned to engage in the research and development and sales of magnetic materials, inductors, resistors, and other components.