On June 2, Xizang Mineral Development Co., Ltd. disclosed that its plan to publicly transfer 100% equity of Baiyin Zabuye Lithium has entered a second bidding phase after the initial offering failed to attract qualified buyers, with the first listing price of Yuan 196.5793 million. The company has decided to lower the initial listing price by 10% due to the failure to collect eligible potential transferees in the first round, resulting in an adjusted listing transfer bottom price of Yuan 176.92137 million. The company will continue to entrust the Shanghai United Property Rights Exchange to conduct the second round of public listing transfer.
Edited by Cassie Li, lixiangying@mysteel.com
