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Tesson Holdings Gains Unanimous Approval for Reorganisation
Tesson Holdings Proposes Leadership Restructure and Bye-law Changes
Tesson Holdings Delays Key Joint Venture Document
Tesson Proposes Capital Reorganization
Tesso to Establish JV Companies in China for Assembly, Sales of Lithium Batteries
Tesson Holdings intends to enter into a joint venture agreement with Aerospace Lithium Battery Technology (Hong Kong) to establish a joint venture company.
Tesson Holdings (01201) announced that on November 1, 2024 (after the trading session of Hong Kong Stock Exchange), the company entered into a joint venture agreement with its partner (Aerospace Lithium Battery Technology (Hong Kong) Co., Ltd.) to establish a joint venture company. According to the joint venture agreement, the company and its partner will contribute funding in cash based on their respective proportions of the registered capital of the joint venture company in china, with the company contributing 0.153 billion yuan and the partner contributing 0.147 billion yuan. The joint venture company will become an indirectly wholly-owned subsidiary of the company after its establishment, and the financial performance and status of the joint venture company will be consolidated into the group.
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