Ganfeng Lithium Group (SHE:002460) plans to fully acquire its subsidiary, Shenzhen Yichu Energy Technology, for 200 million yuan, according to a Shenzhen Stock Exchange disclosure on Saturday.
Yichu Energy Tech develops and sells photovoltaic and new energy power equipment.
The Chinese lithium producer will buy 90% of Yichu Energy Tech from another subsidiary, Jiangxi Ganfeng Lithium Battery Technology.
The company's shares slid over 1% in recent trade.
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