YBTY: Plans to publicly list and transfer 25,000 tons/year of phosphorus production capacity indicators

On October 24th, YBTY announced that its subsidiary, Mabiang Wuqiong Mining Co., Ltd., will cease production at its phosphorus chemical plant on December 19, 2023. To revitalize idle intangible assets and achieve the preservation and appreciation of state-owned assets, the company plans to publicly transfer the yellow phosphorus production capacity indicator of 25,000 tons/year, with a starting price of 24.79 million yuan