Jiangsu Lopal Tech. Co., Ltd. and Tangshan Xinfeng Lithium Industry Co Ltd cancelled the acquisition of 71% stake in Yifeng Shidai New Energy Materials Co., Ltd. from Yichun Shidai New Energy Resources Co., Ltd.
October 30, 2022
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Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) and Tangshan Xinfeng Lithium Industry Co Ltd agreed to acquire 71% stake in Yifeng Shidai New Energy Materials Co., Ltd. from Yichun Shidai New Energy Resources Co., Ltd. for CNY 2 on September 7, 2022. Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) will acquire 61% for CNY 1 and Tangshan Xinfeng Lithium Industry Co Ltd 10% for CNY 1. This has been approved in the 37th Meeting of the Jiangsu Lopal 3rd Directorate and is subject to the Shareholders' Approval.
Jiangsu Lopal Tech. Co., Ltd. (SHSE:603906) and Tangshan Xinfeng Lithium Industry Co Ltd cancelled the acquisition of 71% stake in Yifeng Shidai New Energy Materials Co., Ltd. from Yichun Shidai New Energy Resources Co., Ltd. on October 31, 2022.
Jiangsu Lopal Tech Co Ltd is a China-based company mainly engaged in research, development, production and sales of environmentally friendly fine chemicals for vehicles. The Companyâs primary products include lubricating oil, engine coolant, diesel engine exhaust gas treatment fluid and vehicle maintenance products, which are applied in automobile manufacturing, automobile aftermarket, engineering machinery and other fields.
Jiangsu Lopal Tech. Co., Ltd. and Tangshan Xinfeng Lithium Industry Co Ltd cancelled the acquisition of 71% stake in Yifeng Shidai New Energy Materials Co., Ltd. from Yichun Shidai New Energy Resources Co., Ltd.