Tsaker New Energy Tech (HKG:1986) has leased iron phosphate production assets to Zijin Lithium, an indirect unit of Zijin Mining (HKG:2899, SHA:601899), for 14.4 million yuan, according to a Tuesday bourse filing.
The company said it leased the assets through Tsaker ZNM, an entity in which Zijin Lithium holds a 45% stake, for three years.
Shares were last up 4.3% in Wednesday afternoon trading.
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