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Jiangsu Lopal Tech Co., Ltd. Passes Key Resolutions in 2025 EGM
Hong Kong stocks movement | Jiangsu Lopal Tech (02465) rose over 4% again as the company accelerates its Global expansion and signs lithium iron phosphate supply agreements with multiple overseas companies.
Jiangsu Lopal Tech (02465) rose more than 4% again, as of the time of this report, it increased by 4.13%, priced at 4.79 Hong Kong dollars, with a transaction volume of 12.4033 million Hong Kong dollars.
Jiangsu Lopal Tech Closes Meiduo Technology Acquisition
Jiangsu Lopal Tech (02465.HK): Completed the acquisition of ShanDong Meidu.
On January 22, Gelonghui reported that Jiangsu Lopal Tech (02465.HK) announced that, as disclosed in the prospectus, the company entered into the original agreement and the supplementary agreement with Shandong Meiduo, including Jiangsu Lopal International. Accordingly, the company conditionally agreed to acquire 100% equity of Shandong Meiduo from Jiangsu Lopal International for a total consideration of 0.1005 billion RMB. The acquisition of Shandong Meiduo was completed on January 21, 2025 (the same day that the filing and registration of the acquisition matter with the local authorities were completed). Subsequently, Shandong Meiduo became a wholly-owned subsidiary of the company, and its financial performance will be included in the group's financial statements.
Jiangsu Lopal Tech (SHSE:603906) Adds CN¥398m to Market Cap in the Past 7 Days, Though Investors From Three Years Ago Are Still Down 69%
Sinolink: Economic prosperity is turning upward, and the barriers to high-pressure dense iron-lithium are increasing.
The supply and demand for high-pressure lithium iron are tight, with better profit per ton, and the improvement of barriers leads to an optimized landscape. Conventional lithium iron is expected to see a supply and demand restoration, with the industry's profitability likely reaching a bottom and recovering, with market share expected to concentrate towards those with lower costs.
Andy-Lai :