---
title: "OKE's subsidiary plans to jointly invest with related parties to establish a joint venture company"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243056178.md"
description: "OKE Holdings' subsidiary OKE New Energy plans to jointly invest with Jiangsu Ruiqu and Tancheng Ourida to establish a joint venture company with a registered capital of 50 million yuan, in which OKE New Energy will hold 60%. The joint venture will focus on the tungsten wire busbar business, aiming to integrate advantages from all parties, reduce costs, optimize product structure, and create new profit growth points. This transaction constitutes a related party transaction, and the joint venture will be included in the company's consolidated financial statements"
datetime: "2025-06-04T08:17:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243056178.md)
  - [en](https://longbridge.com/en/news/243056178.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243056178.md)
generator: "portal-rs"
---

# OKE's subsidiary plans to jointly invest with related parties to establish a joint venture company

According to the announcement from Zhitong Finance APP, OKE (688308.SH) announced that its controlling subsidiary OKE New Energy plans to establish a joint venture company, OKE (Shandong) New Energy Technology Co., Ltd., with Jiangsu Ruiqu and related party Tancheng Ourida to engage in the tungsten wire bus business. The registered capital of the joint venture company is 50 million yuan, of which OKE New Energy holds 60%, Jiangsu Ruiqu holds 25%, and Tancheng Ourida holds 15%, all contributed in cash. Since Liu Yang, the deputy general manager of OKE New Energy, is the actual controller of Tancheng Ourida, this transaction constitutes a related party transaction.

This transaction can fully leverage the advantages of all parties involved, relying on the core advantages of OKE New Energy and Jiangsu Ruiqu in tungsten material preparation, cold drawing technology, electroplating technology, and market resources, to connect with OKE New Energy's existing tungsten wire production line, seize the photovoltaic tungsten wire bus market, reduce overall costs, optimize the product structure of OKE New Energy, and create new profit growth points. After the completion of this transaction, the joint venture company will be a controlling subsidiary of the company and included in the company's consolidated financial statements

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**