Ganfeng Lithium to Fully Buy Solar Equipment-Making Subsidiary for 200 Million Yuan

MT Newswires Live

2025/02/24

Ganfeng Lithium Group (SHE:002460) plans to fully acquire its subsidiary, Shenzhen Yichu Energy Technology, for 200 million yuan, according to a Shenzhen Stock Exchange disclosure on Saturday.

Yichu Energy Tech develops and sells photovoltaic and new energy power equipment.

The Chinese lithium producer will buy 90% of Yichu Energy Tech from another subsidiary, Jiangxi Ganfeng Lithium Battery Technology.

The company's shares slid over 1% in recent trade.

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