Omat Advanced Materials (Guangdong) (SHA:688530), through unit Shaoguan Oulai High Purity Materials Technology, will invest 108.3 million yuan into a factory construction, according to a Shanghai Stock Exchange disclosure on Thursday.
The factory in Shaoguan High-tech Zone, China will include a high-purity oxygen-free copper ingot production base and a high-purity cobalt ingot production base.
The construction will run within 36 months, the Chinese high-performance sputtering targets said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.