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Shanghai Xiba Eyes GRINM's Rare Earth Lithium Sulfide Assets Auction for New Energy Advancement
2 day ago /
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Author：小编
Shanghai Xiba has announced its intention to participate in the auction for assets pertaining to GRINM's lithium sulfide business, with the aim of fostering the growth of the new energy sector. Notably, this auction does not constitute a related-party transaction nor a significant asset restructuring and has secured the approval of the board of directors, thereby obviating the need for shareholder meeting deliberations. The assets up for auction encompass solid-state electrolyte lithium sulfide technology and accompanying equipment, both of which were independently developed by GRINM. Given the uncertainty surrounding auction outcomes and transactions, Shanghai Xiba will make cautious decisions grounded in its financial standing.
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