Sinosteel Zhengzhou Research Institute of Steel Wire Products Co., Ltd. announced that it expects to receive CNY 93 million in funding from Sinosteel Anhui Tianyuan Technology Co.,Ltd.
March 28, 2021
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Sinosteel Zhengzhou Research Institute of Steel Wire Products Co., Ltd. announced that it will receive CNY 93 million in a round of funding on March 29, 2021. The transaction will include participation from returning investor Sinosteel Anhui Tianyuan Technology Co.,Ltd. (SZSE:002057). The transaction has been approved in investors 26th session of the it's 6th directorate and the 19th session of the it's 6th supervisory board.
Sinosteel New Materials Co Ltd is a China-based company mainly engaged in magnetic materials and inspection and testing business. Its main products and businesses include soft magnetic materials, permanent magnet devices, rare earth permanent magnet devices and inspection and testing services. The soft magnetic material products include manganese tetroxide, iron silicon powder, sendust powder and so on. The inspection and testing services mainly include testing of metal products, steel structures, engineering raw materials and structural parts. The Company's business also includes metal products, mining, building materials and metallurgical equipment. The Company mainly conducts business in the domestic market.
Sinosteel Zhengzhou Research Institute of Steel Wire Products Co., Ltd. announced that it expects to receive CNY 93 million in funding from Sinosteel Anhui Tianyuan Technology Co.,Ltd.
SINOSTEEL NEW MATERIALS CO., LTD. 
