Gao Mengxin New Materials (300200.SZ) plans to establish a subsidiary in Hong Kong, China to expand its overseas business.

Financial APP News, GEM New Materials (300200.SZ) announced that the company plans to establish a subsidiary, GEM International Holdings Limited, in Hong Kong, China with its own funds, and through GEM International Holdings Limited, establish a secondary subsidiary, Hong Kong GEM Trading Limited, with an investment amount of $1.2 million. This initiative aims to better expand overseas business and promote cooperation and exchange with international markets.