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Azure Lithium Chip: Calls Off Involvement in GEM Indonesia Project’s Capital Raise and Share Dilution
2 day ago /
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Author：小编
On February 11, Azure Lithium Chip disclosed that the firm had initially intended to invest $20 million in a capital increase for PT INDONESIA QINGMEI ENERGY MATERIALS, aiming to secure a 5.95% ownership stake. Nevertheless, due to GEM's strategic realignment prompted by evolving internal and external factors, following thorough assessment and amicable discussions, all stakeholders in the GEM Indonesia project have mutually agreed to abandon the planned capital raise and share dilution.
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