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23 Jan

Huati Technology's shares plummet on scrapped lithium investment

Shanghai-listed lighting company Sichuan Huati Technology saw its shares plummet after announcing the termination of an acquisition that would give it access to lithium in Mozambique. The company announced the decision to end a deal to acquire an 85% stake in Mozambique-registered Kyushu Resources on Saturday, via the stock exchange. The transaction would have been conducted by its holding subsidiary Hainan Huati International Energy, a joint venture of Huati Tec…
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