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EVE Energy to Sell 45% Stake in Hubei Enjie New Materials for 1.15 Billion Yuan
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Chinese battery manufacturer EVE Energy Co., Ltd. (300014.SZ) announced on September 24 that its board of directors has approved a resolution to transfer its entire 45% equity stake in Hubei Enjie New Materials Co., Ltd. to Shanghai Enjie New Materials Co., Ltd. for a total consideration of 1.15 billion yuan (approximately $163 million). The transaction will be executed through a formal equity transfer agreement among the three parties. Upon completion of the deal, EVE Energy will no longer hold any equity interest in Hubei Enjie New Materials. The announcement was made via a filing to the Shenzhen Stock Exchange.
Source report
Shanghai, September 24 — EVE Energy Co., Ltd. (300014.SZ) announced that its board of directors has approved a resolution to transfer its 45% equity stake in Hubei Enjie New Materials Co., Ltd. to Shanghai Enjie New Materials Co., Ltd. for a total consideration of 1.15 billion yuan.
According to the company's announcement, EVE Energy will enter into a share transfer agreement with Shanghai Enjie New Materials and Hubei Enjie New Materials. Upon completion of the transaction, EVE Energy will no longer hold any equity interest in Hubei Enjie New Materials.
Source
财联社Neutral / independent