Aiside to acquire 51% shares of Shanmu New Energy to launch lithium battery business

Aiside announced on November 7th that it will, through its wholly-owned subsidiary, Aiside New Energy, to acquire 51% shares of Shanmu New Energy at RMB76.Asian Metal Copyright Mainly engaging in RD, production and marketing of lithium-ion batteries, Shanmu New Energy owns advanced process and production technologies in LFP battery field and its products include cylindrical LFP batteries, soft-pack polyester batteries, large square LFP batteries, large battery assembly electronics power management systems PACK and others.Asian Metal Copyright50 million (USD10.Asian Metal Copyright56 million by cash and will incorporate the newly acquired shares into its financial statements.Asian Metal Copyright56 million) by cash and will incorporate the newly acquired shares into its financial statements.Asian Metal CopyrightAiside announced on November 7th that it will, through its wholly-owned subsidiary, Aiside New Energy, to acquire 51% shares of Shanmu New Energy at RMB76.Asian Metal Copyright Mainly engaging in R&D, production and marketing of lithium-ion batteries, Shanmu New Energy owns advanced process and production technologies in LFP battery field and its products include cylindrical LFP batteries, soft-pack (polyester) batteries, large square LFP batteries, large battery assembly & electronics power management systems (PACK) and others.

.Asian Metal Copyright50 million USD10Asian Metal Copyright