Fulian Precision Machinery has unveiled its intention to bring in Contemporary Amperex Technology Co. Limited (CATL) as a strategic investor by issuing shares to specific entities. Additionally, the company has signed [here you may want to specify what agreements were signed if possible, e.g., "cooperation agreements" or "strategic partnership agreements"] to fortify the collaboration between the two entities in the realms of lithium-ion battery cathode materials and intelligent electronic control components.
Concurrently, the company has made the decision to halt the capital injection and share expansion scheme for its subsidiary, Jiangxi Shenhua New Material Co., Ltd., along with the major asset restructuring initiative. Instead of equity cooperation at the level of the original project company, it will shift to a more comprehensive strategic partnership encompassing both equity and business aspects at the listed - company level.
This strategic shift is anticipated to have no adverse impact on the company's regular operations. The funds raised will be channeled into driving forward multiple projects that fall under the strategic cooperation umbrella between the two parties.
