Jintian Plans Spin-off of Subsidiary Ketian Magnetics for Domestic Listing
Jintian Co. , Ltd. announced plans to spin off its controlling subsidiary, Ningbo Ketian Magnetics Co. , for listing on a domestic stock exchange. Founded in 2001, Ketian Magnetics specializes in magnetic materials used in new energy vehicles, wind power, efficient motors, robotics, consumer electronics, and medical devices. The move aims to deepen Jintian's rare earth permanent magnet business. The company confirmed it would retain control of Ketian after the spin-off.
Jintian Co. , Ltd. announced that it is planning to spin off its controlling subsidiary, Ningbo Ketian Magnetics Co. , for listing on a domestic stock exchange. Established in 2001, Ketian Magnetics has long focused on the magnetic materials sector, with products widely used in new energy vehicles, wind power generation, high-efficiency energy-saving motors, robotics, consumer electronics, and medical devices. The spin-off is intended to further deepen the company's presence in the rare earth permanent magnet materials business. The announcement also clarified that, if the spin-off is implemented, it will not result in Jintian losing control of Ketian Magnetics.
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