Shenghsin Lithium Buyback Progress and Indonesia Lithium Salt Project Update

Financial sector March 3 news, an investor in the interactive platform to Sheng new lithium energy question: Hello, the company repurchase is not completed? When will the Indonesian company go into production?

The company replied that:

In the share repurchase program announced by the Company, the size of the planned repurchases ranged from RMB250 million to RMB500 million, with a maximum repurchase price of RMB33 per share. By the end of February 2024, the company had completed the repurchase of 10,165,000 shares with a total investment of RMB 203 million (excluding transaction costs). In addition, the Company's lithium salt project in Indonesia is expected to be put into operation in the first half of 2024, and the related preliminary preparatory work is being actively promoted.

This article originated:AI Telegraph for the Financial Sector