$GANFENGLITHIUM (01772.HK)$ Up more than 10%, as of the deadline, up 10.69%, at HKD 21.65, with a turnover of 0.333 billion Hong Kong dollars.
On the news front, ganfenglithium announced on the evening of September 26 that the company plans to jointly invest in the establishment of the Nanchang New Energy Technology Industry Investment Fund (Limited Partnership) with its own funds of 0.368 billion yuan, along with Minmetals Jintong, Jinggangshan New Century, Changye Investment, Minmetals Jinding, and Nanchang Modern Industrial Fund. It is reported that this investment will help the company leverage the resources and advantages of professional institutions to improve the professionalism of related investment targets, enhance the efficiency of the company's capital operation, and improve the layout of the company's new energy industry chain.
On the same day, the company announced that its wholly-owned subsidiary, Jiangxi Ganfeng Circular Technology Co., Ltd., through its holding subsidiary Ganfeng Circular, plans to sign a "Equity Cooperation Agreement" with Nanjing Public Utilities and Environmental Group, aiming to jointly invest in the establishment of Nanjing Public Utilities Ganfeng Circular Technology Co., Ltd. (referred to as the "Joint Venture Company") to promote the layout of the circular economy industry around the comprehensive utilization of power battery projects. The registered capital of the joint venture company is 0.1 billion yuan, with Ganfeng Circular planning to contribute 40 million yuan, accounting for 40% of the registered capital.