Yunnan Energy New Material (SHE:002812), a leading global supplier of lithium-ion battery separators, closed a bank account at Agricultural Bank of China (SHA:601288, HKG:1288) after the completion of a project, according to a Shenzhen bourse filing on Tuesday.
The funds for the Jiangsu Ruijie Lithium Battery Aluminum-Plastic Film Project have been fully utilized, and the account balance was reduced to zero, prompting the standard administrative closure.
The Chinese new energy company's shares dropped nearly 3% during the morning trade.
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