Antai Technology completes strategic investment in rare earth magnet research
Antai Technology Co., Ltd. announced the completion of its investment in Hefei Steel Research Rare Earth Permanent Magnet Materials Research Institute Co., Ltd. The company received an updated business license from a local market supervision administration. This follows a June 17, 2025, board meeting which approved the joint capital increase with China Iron and Steel Research Institute Group (CISRI).
Antai Technology contributed 500,000 yuan, securing a 10% equity stake in Hefei Steel Research, while CISRI invested 2,500,000 yuan for a 50% stake. This investment increased Hefei Steel Research's registered capital from 2,000,000 yuan to 5,000,000 yuan. Hefei Steel Research, established on September 28, 2023, focuses on new materials technology R&D and technology promotion services.
This strategic investment aims to bolster Antai Technology's engagement with cutting-edge rare earth permanent magnet materials, allow participation in national key projects, and secure priority conversion rights for technological achievements. The move is expected to drive technological advancement and upgrades in Antai Technology's rare earth permanent magnet industry, solidifying its leading position in the magnetic materials sector.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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