Hongxing Development establishes a new materials company in Guizhou.

According to the Qichacha app, Guizhou Tianzhu Hongxing Development New Materials Co., Ltd. was recently established with a registered capital of 30 million yuan. Its business scope includes research and development of new materials technology, manufacturing of non-metallic mineral products, manufacturing of basic chemical raw materials, etc. According to Qichacha's equity penetration, the company is wholly owned by Hongxing Development.