33.5% of Jiangxi Sinoma New Material Co Ltd, a Xinyu-based crucible manufacturer, from Xinyu Chengdong Investment and Construction Co Ltd for approximately RMB 17 million. (US$1=RMB7.25). Founded last May, Sinoma completed construction of its plant to manufacture crucibles five months later. The company started test production in November and began shipping finished products to its…

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