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GEM Offloads Non-Ferrous Metal Arm's Stake to EcoPro for $37.5 Million; EcoPro Up 5%
GEM to Expand Capacity of Indonesian High-Nickel Ternary Precursor Plant
GEM Ties Up With EcoPro to Build Indonesian New Energy Material Plant; EcoPro Shares Jump 5%
GEM Co.,Ltd. (002340.SZ): intends to apply for the registration and issuance of non-financial corporate debt financing instruments in the inter-bank Bonds market, not exceeding 2 billion yuan.
On January 3rd, GELONGHUI reported that GEM Co.,Ltd. (002340.SZ) announced, in accordance with the strategic development needs of GEM Co.,Ltd., to broaden financing channels, optimize financing structure, and reduce financing costs. In accordance with the "Management Measures for Non-Financial Enterprises' Debt Financing Instruments in the Interbank Bond Market" and "Issuance Guidelines for Non-Financial Enterprises' Debt Financing Instruments in the Interbank Market" and other relevant regulations, the company intends to apply to the China Interbank Market Dealers Association for registration to issue a total amount of no more than 2 billion yuan of non-financial enterprise debt financing instruments in the interbank bond market. The issuance varieties include medium-term notes and ultra-short-term financing bonds to meet the company's rapid financing needs.
GEM Co.,Ltd. (002340.SZ): plans to expand the production capacity of nickel-cobalt-manganese precursors in Indonesia.
On January 3, Gelonghui reported that GEM Co.,Ltd. (002340.SZ) announced that, to date, the annual production project of 0.03 million tons of high-nickel power battery ternary precursor materials has been completed and has received orders from global customers for the medium to long term. To meet the additional needs of global customers, the company plans to expand the annual production capacity of the 0.03 million tons high-nickel power battery ternary precursor materials project from 0.03 million tons to 0.05 million tons. The name of the project implementing entity will still be PT INDONESIA QINGMEI ENERGY MATERIALS (hereinafter referred to as 'QINGMEI'). GEM Co.,Ltd. (Jiangsu)
GEM Co.,Ltd. (002340.SZ): Signed a memorandum of strategic cooperation to build the "Nickel Resource - Precursor - Cathode Material" Industry Chain Alliance with South Korea's ECOPRO and its subsidiaries.
On January 3rd, GELON Group announced that in response to the challenges of Global Industry competition and to seize the Global market in Europe and America, based on the over ten years of Business cooperation between GEM Co., Ltd. and South Korea's ECOPRO CO., LTD. (hereinafter referred to as "ECOPRO"), aimed at creating a strategic alliance partnership with Global leading competitive strength, the company convened the 32nd meeting of the 6th Board of Directors on January 2nd, 2025, to review and approve the plan to sign an agreement with South Korea's ECOPRO and its subsidiaries to build a "Nickel Resource-Pregnancy-Cathode Material Industry Chain."
Do Its Financials Have Any Role To Play In Driving GEM Co., Ltd.'s (SZSE:002340) Stock Up Recently?
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