YCNE plans to acquire a 65.5456% stake in Meishan Lake to increase graphite electrode production capacity
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YCNE announced that the board of directors approved the proposal to acquire a partial equity stake in Shanxi Meishan Lake Technology Co., Ltd., planning to acquire 65.5456% of the equity for 73.5739 million yuan, with the management platform acquiring 4.4544% of the equity for 5 million yuan. Meishan Lake is a national high-tech enterprise with the production capacity of graphite electrodes and lithium battery anode materials. This acquisition will enhance the production capacity of graphite electrodes, reduce production costs, and strengthen profitability
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