Jinjia Establishes Subsidiary for Electronic Materials Development
On September 21, Jinjia Co., Ltd. (002191.SZ) announced its plan to invest 500 million yuan to establish a wholly-owned subsidiary named Shenzhen Jinjia Xinyuan Technology Group Co., Ltd. (hereinafter referred to as "Jinjia Xinyuan"). Jinjia Xinyuan is positioned as a platform company focusing on the development of electronic materials, engaging in research and development, investment, and management of high value-added semiconductor materials and functional films in the field of electronic materials.
Jinjia is planning to sign a strategic cooperation agreement with Shenzhen Haolang Experimental Laboratory Technology Co., Ltd. The two parties will cooperate strategically in the development of high-power magnetron sputtering equipment for polymer/metal composite materials. Jinjia Xinyuan intends to increase its capital investment in Weiliang Technology by CNY 15.2174 million. After the capital increase is completed, Jinjia Xinyuan will hold a 7% stake in Weiliang Technology, thus entering the electronic materials related business such as advanced semiconductor and optoelectronic device packaging materials.
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