FLASH: Chengxin Lithium to transfer 50% of its equity in Shengtun Technology

On March 21, Chengxin Lithium Group announced that the company plans to transfer 50% of its equity in Sichuan Shengtun Technology to its controlling shareholder, Shengtun Group, for a transaction price of Yuan 100 million. Additionally, the company intends to purchase two office buildings constructed by Shengtun Technology, with the transaction amount expected not to exceed Yuan 80 million.

Edited by Cassie Li, lixiangying@mysteel.com