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01 Dec
06:27

Farasis Energy adjusts shareholding structure

Shanghai-listed pouch EV battery company Farasis Energy announced it plans to adjust its equity structure with the introduction of new state-owned equities, Kallanish learns.  Farasis Energy announced on late 29 November, the method of transferring the control to Guangzhou Iron & Steel Enterprise Holding Limited is switched from the previously agreed equity transfer to private placement.  Guangzhou Iron & Steel Enterprise Holding Limited plans t…
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