Wanrun New Energy to transfer 100% stake in lithium mining subsidiary
2024-12-16 15:38:03 [Print]
On December 14, Hubei Wanrun New Energy Technology Co., Ltd. entered into a share transfer agreement with Shenzhen Zhongzhu Mining Investment Partnership (Limited Partnership), in a bid to optimize asset structure and boost profitability and competitiveness.
Under the agreement, Wanrun New Energy will transfer a 100% equity share in its wholly-owned subsidiary Shenzhen Wanrun Mining Co., Ltd. to Shenzhen Zhongzhu for a total consideration of RMB315 million (USD43.27 million).
Upon completion of the transfer, Wanrun Mining should give priority to Wanrun New Energy in terms of supply of lithium mineral products, including but not limited to spodumene, lepidolite and lithium brine, produced from its mining claims and offer price concessions under the same commercial conditions as of the transfer closing date.
Under the agreement, Wanrun New Energy will transfer a 100% equity share in its wholly-owned subsidiary Shenzhen Wanrun Mining Co., Ltd. to Shenzhen Zhongzhu for a total consideration of RMB315 million (USD43.27 million).
Upon completion of the transfer, Wanrun Mining should give priority to Wanrun New Energy in terms of supply of lithium mineral products, including but not limited to spodumene, lepidolite and lithium brine, produced from its mining claims and offer price concessions under the same commercial conditions as of the transfer closing date.
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Unit:USD/kg
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