On October 10, Chinese copper-clad laminate (CCL) maker Goldenmax International Group Ltd. (002636.SZ) announced that its board of directors has approved a proposal to establish a new CCL group, aiming to strengthen its core business management and operational efficiency.
According to the announcement, the company will invest RMB 616 million (approximately USD 86 million) to set up a wholly owned subsidiary, Jinan Guoji Technology Group Co., Ltd. (tentative name, subject to registration), which will serve as the parent company of the new CCL group.
Goldenmax International will transfer its full equity stakes in several subsidiaries—including Shanghai Global Electronic Material Ltd., Goldenmax International Technology (hangzhou) Ltd., Anhui Jinrui Electronic Fiberglass Co., Ltd., Goldenmax International Trading Co., Ltd., and Goldenmax International Technology (Anhui) Co., Ltd., as well as its 75% stake in Goldenmax International Technology (Zhuhai) Co., Ltd.—to the new parent company at a combined book value of RMB 609 million (around USD 85 million).
The company said that forming a dedicated CCL group will help consolidate management across its laminate business, enhance operational efficiency, and support long-term sustainable growth.
Headquartered in Shanghai's Songjiang District, Jinan Guoji specializes in manufacturing and selling copper-clad laminates and related materials, which are fundamental to the PCB industry. The company operates large-scale production facilities in Hangzhou, Zhuhai, and Ningguo (Anhui Province), featuring multiple advanced CCL and fiberglass fabric production lines, as well as a top-tier corporate R&D center.
Goldenmax International's CCL products are widely recognized in both the Chinese and global PCB sectors for their high quality and cost efficiency. The company supplies leading domestic and international electronics manufacturers, including Samsung, LG, Siemens, Motorola, Changhong, Midea, Haier, Lenovo, and Fujitsu, as well as customers in China's defense industry. Its products are exported to mainland China, Hong Kong and Taiwan, North America, Europe, South Korea, and Southeast Asia.
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