Guangxi Yinyi’s battery materials production not affected by parent company’s bankruptcy

Production of battery materials, including cobalt sulfate and nickel sulfate, at Guangxi Yinyi Advanced Material will not be affected by the bankruptcy of its parent company, Yinyi Group, Fastmarkets understands.

Yinyi Group, the holding company for Shenzhen-listed ST Yinyi, has recently applied to Ningbo Intermediate People’s Court for rehabilitation to solve its liquidity problems, according to the company’s public announcement on Monday June 17.



Susan Zou

June 18, 2019

10:03 GMT