Jixiang Molybdenum to sell 100% shares of Xisha Degai Molybdenum at RMB580 million
2022-09-14 15:11:30 [Print]
Jixiang Molybdenum announced on September 13th that it will sell its 100% shares of Urad Front Banner Xisha Degai Molybdenum Co
. , Ltd . at RMB580 million (USD83 . 29 million) to Shanghai Yongju Technology Co . , Ltd . , a wholly-owned subsidiary of Jixiang Molybdenum's controlling shareholder Ningbo Jutai . This deal will help Jixiang Molybdenum revitalize its assets, improve the operating efficiency, accelerate capital recouping and support lithium salt and molybdenum product business to develop better.