Sunstone to raise stake in carbon materials subsidiaries
2024-10-11 14:12:27 [Print]
Beijing Sunstone New Power Technology Co., Ltd., a wholly-owned subsidiary of Sunstone Development Co., Ltd., plans to acquire 19.5323% equity interest in Jiayuguan Sunstone Prebaked Carbon Anode Co., Ltd. and 19.5323% equity interest in Jiayuguan Sunstone Carbon Materials Co., Ltd., both held by China Orient Asset Management Co., Ltd., for a total consideration of RMB500 million (USD70.7 million) in cash.
Sunstone says the acquisition will raise its shareholding in these two holding subsidiaries and improve stockholders' equity.
Sunstone says the acquisition will raise its shareholding in these two holding subsidiaries and improve stockholders' equity.
Graphite Electrode U.H.P. D600mm FOB China
Unit:USD/mt
China prebaked anode producers' output statistics by province by month
Unit: mt
