Yunnan Energy New Material Co., Ltd. (SZSE:002812) agreed to acquire the remaining 4.7778% stake in Shanghai Energy New Materials Technology Co., Ltd. from Yan Ma and Alex Cheng for CNY 2.6 billion on September 28, 2023. As of October 13, 2023, Yunnan Energy New Material Co., Ltd. at 13th meeting of the 5th directorate and 10th meeting of the 5th Supervisory Board approved the transaction and still needs the approval of the shareholders meeting.


Yunnan Energy New Material Co., Ltd. (SZSE:002812) cancelled the acquisition of remaining 4.7778% stake in Shanghai Energy New Materials Technology Co., Ltd. from Yan Ma and Alex Cheng on October 29, 2023.