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Fengyuan plans to increase its capital in Fengyuan Lithium Energy

 Last Update: 2022-10-19
 Source: Internet
 Author: User

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lok yuan

lithium hydroxide

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On October 12, Shandong Fengyuan Chemical Co.
, Ltd.
(hereinafter referred to as Fengyuan shares) issued an announcement that Fengyuan intends to increase the capital of Shandong Fengyuan Lithium Energy Technology Co.
, Ltd.
(hereinafter referred to as Fengyuan Lithium Energy), a wholly-owned subsidiary, by 714 million yuan, and by Fengyuan Lithium Energy to Anhui Fengyuan Lithium Energy Technology Co.
, Ltd.
(hereinafter referred to as Anhui Fengyuan) by 464 million yuan
.

Fengyuan said that the funds raised this time are mainly used to promote the implementation of
the 50,000 tons/year lithium iron phosphate cathode material production base project for lithium batteries.
After the completion of the capital increase, the registered capital of Feng Yuan Lithium Energy will increase to 1.
224 billion yuan, and Feng Yuan shares hold 100% of its equity; The registered capital of Anhui Fengyuan will increase to 864 million yuan, and Fengyuan Lithium Energy will hold 82.
64% of its equity
.

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