Sunrise New Energy to Take Over Stake in Fukang Mining's Subsidiary in Lieu of 355 Million Yuan Debt Payment

MT Newswires Live

2025/11/14

Shenzhen Sunrise New Energy (SHE:002256) plans to accept 15% of Qinghai Jintai Potash as repayment for Qinghai Fukang Mining Asset Management's debt of 354.5 million yuan, according to a Shenzhen bourse filing on Friday.

Fukang Mining was not able to fulfill its repayment obligation to the Chinese spray paint manufacturer within the prescribed period and had no assets for enforcement.

The transaction will be implemented through judicial procedures.

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