Summary by Moomoo AI
On January 15, 2024, the Board of Directors of Jiangxi Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium Company) approved the acquisition of Mali Lithium B.V. (Mali Lithium) through its wholly-owned subsidiary Ganfeng International Co., Ltd., for no more than US$6500 million. The transaction does not constitute a related transaction or major asset restructuring and is not subject to a general meeting of shareholders for consideration. The acquisition is an unrelated transaction and has received full board approval and is currently pending the approval of the relevant national authorities. Ganfeng Lithium said that this move will help to promote the development of the Goulamina lithium ore mine project, further safeguarding the company's lithium resource needs, in line with the company...Show More