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BRIEF-CATL To Buy 10% Stake In Yibin Tianyuan's Lithium Unit

· 03/16/2021 03:42
BRIEF-CATL To Buy 10% Stake In Yibin Tianyuan's Lithium Unit

- Yibin Tianyuan Group Co Ltd 002386.SZ:

  • SAYS CONTEMPORARY AMPEREX TECHNOLOGY CO LTD 300750.SZ AGREES TO BUY AT LEAST 200,000 TONNES OF ANODE MATERIALS BETWEEN 2021-2030 FROM ITS UNIT

  • SAYS IT AGREES TO SELL 10% STAKE IN ITS LITHIUM UNIT TO CATL FOR 58.35 MILLION YUAN ($8.97 million)

Source text in Chinese: https://bit.ly/38LREpV ; https://bit.ly/2OADfWO

Further company coverage: 002386.SZ


($1 = 6.5015 Chinese yuan renminbi)


(Reporting by Hong Kong newsroom)

((meg.shen@thomsonreuters.com; 852-39525805;))