06
Mar
13:36
Malion to increase stake in Xingkong Sodium Power
Shenzhen-listed Malion New Materials has signed agreements to increase its stake in Liaoning Xingkong Sodium Power.
Malion New Materials and its affiliate Anshan Hifichem agreed to each invest CNY 62.5 million ($9.01m) to each subscribe CNY 8.825 million of the target company's new registered capital in exchange for a 7.50% stake each.
After this transaction, Xingkong Sodium Power plans to invest CNY 125m to purchase a 10% stake of Meicai New …
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