Wutai Yunhai Magnesium Co., Ltd. announced that it will receive CNY 300 million in its equity round of funding from returning investor Baowu Magnesium Technology Co., Ltd. on April 25, 2024. The company will remain wholly owned subsidiaries of the investor. The transaction has been approved by the board of directors of investors at its 2nd Meeting of the 7th Board of Directors.
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- News Baowu Magnesium Technology Co., Ltd.
- Wutai Yunhai Magnesium Co., Ltd. announced that it expects to receive CNY 300 million in funding from Baowu Magnesium Technology Co., Ltd.