Tianci Materials (002709.SZ): It is planned to invest 1.533 billion yuan in the annual output of 300,000 tons of electrolyte and 100,000 tons of iron-lithium battery recycling project

On October 26, 2021, Gelonghui announced that the company held 002709.SZ the 20th meeting of the 5th Board of Directors and the 14th meeting of the 5th Supervisory Board on October 25, 2021, and deliberated and passed the "Proposal on the Proposed Establishment of a Wholly-Owned Subsidiary to Invest in the Construction of an Annual Output of 300,000 Tons of Electrolyte and 100,000 Tons of Iron-Lithium Battery Recycling Project", and the Company intends to invest in construction through the establishment of a wholly-owned subsidiary (hereinafter referred to as the "Target Company") Annual output of 300,000 tons of electrolyte and 100,000 tons of iron lithium battery recycling project", the total investment of the project is 1,532,940,000 yuan, of which the construction investment is 880,550,000 yuan, and the bottom working capital is 652,380,000 yuan

This article originated from Grand Gateway