Summary by Moomoo AI
Jiangxi Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) announced on October 30, 2024, that its controlling subsidiary, Jiangxi Ganfeng Lithium Battery Technology Co., Ltd. (Ganfeng Lithium Battery), and its wholly-owned subsidiary, Nam Cheong Ganfeng Lithium Battery Technology Co., Ltd. (Nam Cheong Ganfeng Lithium Battery), plan to introduce industrial funds for capital increase and expansion by injecting 0.5 billion RMB in cash to be used for the construction of new energy projects in the new area. Before the capital increase, Ganfeng Lithium Battery holds 100% equity of Nam Cheong Ganfeng Lithium Battery, and after the capital increase, it will hold 16.67% equity. If Nam Cheong Ganfeng Lithium Battery fails to successfully list on the main board in China within six years, Ganfeng Lithium Battery will...Show More