Three Gorges New Materials Plans to Acquire 100% Stake in Lithium Battery Electrolyte Company Zhuhai Saiwei, Stock to Resume Trading

36Kr reports that Three Gorges New Materials announced plans to acquire 100% of the equity of Zhuhai Saiwei Electronic Materials Co., Ltd. through a combination of issuing shares and paying cash. The company will also raise additional funds by issuing shares to no more than 35 specific investors, including controlling shareholder Dangyang City Investment, with total proceeds not exceeding 1 billion yuan. The target company specializes in the R&D, production, and sales of lithium battery electrolytes. This transaction aims to help the company enter the new materials sector for lithium batteries, establishing a dual-business structure combining traditional building materials and new energy materials. The transaction price has not yet been determined, and it is expected not to result in a change of control. Trading of the company's stock will resume from the opening on October 20, 2026.