Plitile Sets Up Wuhan Plitile New Materials Unit With 50 Million Yuan Registered Capital

A new company, Wuhan Plitile New Materials Co., Ltd., was recently established with registered capital of 50 million yuan, according to corporate registry information. According to Jin10, Qichacha APP data showed the company’s business scope includes engineering and technical research and experimental development, 5G communications technology services, and sales of electronic components and electromechanical component equipment. Equity penetration information on Qichacha showed the company is wholly owned by Plitile.