Summary by Futu AI
JIANGXI GANFENG LITHIUM GROUP CO., LTD. CONVENED THE BOARD OF DIRECTORS ON DECEMBER 5, 2024 TO APPROVE THE SIGNING OF THE “SHARE TRANSFER AGREEMENT” WITH THE MALI GOVERNMENT. Under the agreement, Ganfeng International Limited will transfer 35% of the equity in Lithium du Mali SA (LMSA) to the Government of Mali, 10% of which will be sold as a free equity stake and 25% at a price of approximately $3200 million. The Government of Mali will provide policy support for the Goulamina Lithium Stone Phase II project.LMSA was established in 2020, located in Maribamaco, where the Goulamina project phase 1 has entered the pilot phase. As of September 30, 2024, LMSA had total assets of US$3.77m, total liabilities of US$3.77m and net assets of US$41.8m. Net profit for the...Show More
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