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Manufacturers establish joint venture

Posted: 15 Jun 2004 ?? ?Print Version ?Bookmark and Share

Keywords:manufacture electronic component? magnetic material?

Beijing Zhongke Sanhuan High-Tech Co. Ltd, FDK Corp., and Nanjing Jinning Electronics Group Co. Ltd finalized plans of establishing a joint venture in Nanjing. The new company, called Nanjing Jining Sanhuan FDK Co. Ltd, will manufacture electronic components and magnetic material.

The joint venture has a registered capital of $39.43 million. Beijing Zhongke Sanhuan owns 30.6 percent of the shares, while FDK owns 32.2 percent and Jinning Electronics 36 percent. The remaining 1.2 percent stake will be held by a minority shareholder.

The joint venture was made possible through the merger of Jinning Sanhuan High-Tech Magnetic Co. Ltd (JSM) and Nanjing FDK Chemical Co. Ltd. JSM is jointly owned by Jinning Electronics and Beijing Zhongke Sanhuan. Nanjing FDK is jointly owned by FDK and Jinning Electronics.

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