A subsidiary of Tianyuan Shares transferred phosphorus yellow production capacity quotas for 185 million yuan
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A subsidiary of Tianyuan Shares sold its yellow phosphorus production capacity quota for 185 million yuan. On November 27, Tianyuan Shares announced that the phosphating plant owned by its subsidiary, Mabian Wuqiong Mining Co., Ltd., ceased operations on December 19, 2023. In order to utilize these idle intangible assets, the company put up for sale the production capacity quota for 25,000 tons per year of yellow phosphorus. The announcement states that Sichuan Hebang Biotechnology Co., Ltd. has been finally selected as the recipient. On November 25, Infinite Mining and Hobang Biology signed a Property Rights Transaction Contract, with the transaction value amounting to 185.29 million yuan
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