GEM's subsidiary plans to sell 100% equity of Green Recycling Materials to focus on critical metal resource recovery business
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GEM's subsidiary Jiangxi Green Recycling Industry Co., Ltd. signed an agreement with Henan Recycling Technology Industry Group to sell 100% equity of its wholly-owned subsidiary Jiangxi Green Recycling Materials Co., Ltd. The transaction amount is 280 million yuan, and the debt transfer price is 682 million yuan. After this equity transfer, GEM will focus on the recovery of key metal resources, enhance its technological advantages, and the funds obtained will be used for daily operations
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