Ganfeng Lithium Group (HKG:1772, SHE:002460) agreed to sell a 29.5% stake in Shenzhen Yichu Energy Technology to Wanxin Green Energy for 443.0 million yuan.
The move will trim the company's stake in the target to 40.0% from 69.6%, according to a Monday filing with the Shenzhen bourse.
Upon completion, Shenzhen Yichu Energy Technology will no longer be consolidated into the company's financial statements.
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