01
Jul
09:30
GEM to transfer equity, increase capital of Wuhan subsidiary
Shenzhen-listed battery recycling company GEM has internally approved an equity transfer and capital increase proposal for its wholly-owned subsidiary Wuhan Power Battery Recycling Technology.
According to its announcement released on 29 June, based on the agreements GEM signed with 13 investment entities, GEM will transfer a 10.50% stake of Wuhan Power Battery Recycling Technology at a valuation of CNY 1.6 billion ($238.73 million). GEM will not participate…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous