CALB spent 660 million RMB to increase its stake in Wuhan subsidiary by over 8.3%
CALB (03931.HK) announced that it will acquire an 8.3155% stake in CALB Technology (Wuhan) through a public tender, at a cost of 660 million RMB, which will be funded by internal resources. Upon completion, the company's shareholding in CALB Technology (Wuhan) will increase from 51% to 59.3155%. The latter is primarily engaged in the research and development, production, sales, and market application development of lithium batteries, battery management systems, and related integrated products
Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments