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Is It Time To Consider Buying CNGR Advanced Material Co.,Ltd. (SZSE:300919)?
CNGR Advanced Material Scraps Nickel Refinery JV With POSCO
CNGR Advanced Material (300919.SZ): The subsidiary has terminated the joint venture investment in the nickel refining plant with POSCO Holdings.
Gelonghui, on February 11, announced that CNGR Advanced Material (300919.SZ) held the fifth meeting of its second Board of Directors on June 21, 2023, to review and approve the proposal regarding the joint venture agreement for the establishment of a nickel refining plant with POSCO Holdings. According to the project joint venture agreement, the company's wholly-owned secondary subsidiary, CNGR Hong Kong Xing Chuang New Energy Co., Ltd. (referred to as "CNGR Hong Kong Xing Chuang"), and POSCO Holdings Inc. (referred to as "POSCO Holdings") will invest in the nickel refining plant project in Pohang City, South Korea, and
CNGR Advanced Material (300919.SZ) plans to issue H shares and be listed on the Hong Kong Stock Exchange.
On February 11, Gelonghui reported that CNGR Advanced Material (300919.SZ) announced that to further promote the company's Global Strategy deployment, build an international capital operation platform, assist in the continuous elevation of the global industrial layout, and accelerate the establishment of a dual circulation pattern domestically and internationally, the company plans to issue shares (Listed in Hong Kong) overseas and list on the Hong Kong Stock Exchange (referred to as 'Hong Kong Stock Exchange'). The Board of Directors has authorized the company's management to initiate preliminary preparations for this H share listing. The company plans to discuss specific progress regarding this H share listing with relevant Institutions, and the details of this H share listing have not yet been finalized.
Beijing Easpring Material Technology (300073.SZ) and CNGR Advanced Material have reached a collaboration on various aspects of battery materials, involving AI, low altitude, Siasun Robot&Automation, and other fields.
Beijing Easpring Material Technology (300073.SZ) announced that the company has partnered with CNGR Advanced Material...
Beijing Easpring Material Technology (300073.SZ): Signed a global strategy cooperation agreement with CNGR Advanced Material.
On February 10, GELONGHUI reported that Beijing Easpring Material Technology (300073.SZ) announced that the company signed a "Strategic Cooperation Framework Agreement" with CNGR Advanced Material Co., Ltd. on February 10, 2025. Based on the significant advantages in mineral resource development and utilization, Lithium Battery precursor and Cathode Material research and development, production, and promotion, both parties have fully utilized their advantages through friendly consultations and unanimously agreed to establish a long-term, comprehensive, and stable strategic cooperation relationship in the fields of product supply and sales, technical cooperation, capacity layout, upstream resource development, and resource recycling.