Guizhou Fuqi Mining Co., Ltd. completed the acquisition of 49% stake in Guizhou Hengda Mining Holdings Co., Ltd from Sunwoda Electronic Co., Ltd.
October 13, 2023
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Guizhou Fuqi Mining Co., Ltd. agreed to acquire a 49% stake in Guizhou Hengda Mining Holdings Co., Ltd from Sunwoda Electronic Co., Ltd. for CNY 200 million on September 8, 2023. Guizhou Chanhen Chemical Corporation parent of Guizhou Hengda Mining Holdings Co., Ltd at EGM approved by shareholders, and board of directors approved the transaction.
Guizhou Fuqi Mining Co., Ltd. completed the acquisition of 49% stake in Guizhou Hengda Mining Holdings Co., Ltd from Sunwoda Electronic Co., Ltd. on October 14, 2023.
SUNWODA ELECTRONIC CO., LTD is a China-based company principally engaged in the development, design, production and sale of lithium ion battery modules. The Company operates through two main segments: Industrial Manufacturing segment and Inspection Services segment. The Companyâs lithium ion battery modules include mobile phone and digital series, motor vehicle and power series, precise structural parts series, power management series, laptop series, lithium ion cells, energy storage systems, intelligent hardware series, intelligent manufacture series and others.