Cobalt powder producer GEM acquires 60% stake in Shu Powders

Jingmen GEM Co Ltd, the fully-owned subsidiary of Shenzhen Stock Exchange-listed GEM Co Ltd, has acquired a 60% stake in Shu Powders Ltd for $3.8 million, Jingmen GEM said in a statement on Wednesday October 12.

Jingmen GEM signed the purchase agreement with Elite Creation Enterprises Ltd, stockholder of Shu Powders Ltd, on Wednesday. “The move will help share the technology,...

Published

Susan Zou

October 13, 2016

11:34 GMT

Shanghai