20 Microns Incorporates China Subsidiary for Trading

20 Microns Ltd has announced the incorporation of its overseas step-down subsidiary, Guizhou Twenty Microns International Trade Co., Ltd., in the People's Republic of China. This new entity, established by its wholly-owned subsidiary 20 Microns Sdn. Bhd., aims to bolster the company's international business presence, particularly in trading, import-export, and allied activities related to non-metallic minerals, metallic ores, and non-ferrous metals. The initial investment involves a cash consideration of RMB 18,00,000 for a 90% equity stake, strengthening 20 Microns' operational reach in the Chinese market.