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Sinochem News.
After the completion of the transfer, the company paid 50 million yuan in registered capital of Xinruiheng, and Xinruiheng became a wholly-owned subsidiary of the company, and plans to use Xinruiheng as the main investor to invest in the construction of lithium battery cathode material phosphoric acid with an annual output of 80,000 tons.
The Bank of China Cashmere Industry stated that the layout of the 80,000-ton lithium iron phosphate project is in line with the company's long-term development plan and development strategy.