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Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) has issued an announcement.
Jiangsu Lopal Tech Co., Ltd. announced an update regarding its acquisition of Shandong Meiduo, a company involved in lithium battery recycling. The acquisition involves the company purchasing a 100% equity interest in Shandong Meiduo, with a subsequent capital injection to increase its registered share capital. The necessary conditions for the completion of the acquisition have been met, including a key production milestone, but final local authority filings remain pending. This acquisition positions Jiangsu Lopal Tech to expand its capabilities and market presence in the lithium battery recycling sector.
More about Jiangsu Lopal Tech Co. Ltd. Class H
Jiangsu Lopal Tech Co., Ltd. is a joint stock company based in China, primarily engaged in the technology industry, with a focus on developing and manufacturing products related to lithium battery recycling.
YTD Price Performance: 0%
Average Trading Volume: 11,511,504
Current Market Cap: HK$6.04B
Find detailed analytics on 2465 stock on TipRanks’ Stock Analysis page.
