Brief: Sanergy Group Says Establishment Of Joint Venture

Sanergy

16/05/2023 15:53

May 16 (Reuters) - Sanergy Group  2459.HK :
    * ESTABLISHMENT OF JOINT VENTURE
    * HUIXIAN GOVERNMENT AND CO AGREED TO ESTABLISH JV COMPANY
    * JV  WILL EXPAND PRC FACTORY'S ANNUAL PRODUCTION CAPACITY
TO
40,000 TONS OF UHP GRAPHITE ELECTRODES, ASSOCIATED AUXILIARY
FACILITIES
    * REGISTERED CAPITAL OF JV COMPANY WILL BE RMB100 MILLION
    * HUIXIAN CONSTRUCTION SHALL CONTRIBUTE RMB51 MILLION TO JV
CO
    * PROPOSED INVESTMENT FOR JV COMPANY UNDER JV DEALS IS
RMB600
MILLION, IMPLEMENTED IN TWO PHASES


Further company coverage:  2459.HK 

 ((Reuters.Briefs@thomsonreuters.com;))