Fengmao Group establishes new subsidiary company for metal materials-related businesses.

According to the Qichacha app, recently, Fung Mau Technology Co., Ltd. was established with a registered capital of 20 million yuan. Its business scope includes the sales of metal materials, the manufacturing and sales of non-ferrous metal alloys, and the processing of non-ferrous metal rolling, etc. The equity penetration displayed by Qichacha shows that the company is fully owned by Fung Mau Holdings.