Shenzhen Sunrise New Energy (SHE:002256) signed a voting agreement with Qinghai Juli, increasing their controlled voting rights in investee Qinghai Jintai Potassium Fertilizer to 63.48% from 51.62%.
The company's direct 15.73% equity stake remains unchanged, according to a Thursday filing with the Shenzhen bourse.
The agreement, which gives Shenzhen Sunrise New Energy the power to nominate core executives, aims to improve decision-making efficiency.
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