On February 4th, Japanese electronics and materials manufacturer Maxell announced that it will sell its lithium-ion battery production subsidiary, Wuxi Maxell Energy Co., Ltd., to Zhejiang Xinghuan Holdings Co., Ltd., a wholly-owned subsidiary of Galaxy Energy Group Co., Ltd. The transaction amounts to approximately Yuan 48.96 million, and the transfer of equity is expected to be completed within the current month.
Edited by Cassie Li, lixiangying@mysteel.com
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