China's Chengxin Lithium to acquire 51% stake in African lithium producer Max Mind

By IM Staff
Published: Friday, 05 November 2021

China's Chengyi Lithium International Ltd is to pay $76.5 million for a controlling stake in Max Mind Investment Ltd, which owns the Max Mind Zimbabwe lithium business.

The subsidiary of battery materials producer Chengxin Lithium Group has signed an equity transfer agreement with Max Mind Investment to acquire a 51% stake in the African company, Chengxin Lithium said on Wednesday November 3.

Max Mind Investment is 100% owned by its South Africa-based board director Liu Jun.

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