-+ 0.00%
-+ 0.00%
-+ 0.00%
Three Gorges New Materials (600293.SH) plans to acquire 100% equity shares of lithium-ion battery electrolyte company Zhuhai Saiwei and resume trading
Share
Listen to the news

Zhitong Finance App News, Three Gorges New Materials (600293.SH) announced that the company plans to obtain 100% of the shares of Zhuhai Saiwei Electronic Materials Co., Ltd. by issuing shares and paying cash, and raise no more than 1 billion yuan in supporting capital from no more than 35 eligible targets, including Dangyang City Investment. As of the signing date of the plan, the audit and evaluation of the underlying assets had not been completed, and the estimated valuation and transaction price of the underlying assets of this transaction had not yet been determined. Trading of the company's shares has resumed since the opening of the market on October 20, 2026.

Prior to this transaction, the company's main business was the production and sale of flat glass and special functional glass, and the research and development of new building materials. As a professional enterprise in the field of lithium-ion battery electrolytes, Zhuhai Saiwei has a mature product development system, stable large-scale production capacity, and a high-quality power battery leading customer resource matrix.

The transaction will help the company quickly enter the boom circuit for new lithium battery materials, optimize assets and business structure, and cultivate a second growth curve. At the same time, both parties are in the field of materials manufacturing and have a foundation for mutual appreciation of management experience in production safety, environmental control, R&D management, etc.; this transaction can further expand the company's industrial layout in the field of new materials, build a new profit fulcrum for the company's long-term development, promote the company to form a dual main business development pattern of traditional building materials and new energy materials, and accelerate the company's transformation and upgrading to a high-end new materials enterprise.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending