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Zhitong Finance App News, Suotong Development (603612.SH) issued an announcement. In order to implement the established development strategy, lay out overseas production capacity, and further explore the global market, the company signed a “Joint Venture Agreement” with EGA to jointly fund the establishment of a joint venture in the UAE to build a 300 kt/a pre-baked anode project (Phase I) in the UAE. The total investment is estimated to be no more than 295 million US dollars (equivalent to about RMB 2,084 million). The details are based on the actual investment situation.

Zhitongcaijing·12/16/2025 01:17:01
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Zhitong Finance App News, Suotong Development (603612.SH) issued an announcement. In order to implement the established development strategy, lay out overseas production capacity, and further explore the global market, the company signed a “Joint Venture Agreement” with EGA to jointly fund the establishment of a joint venture in the UAE to build a 300 kt/a pre-baked anode project (Phase I) in the UAE. The total investment is estimated to be no more than 295 million US dollars (equivalent to about RMB 2,084 million). The details are based on the actual investment situation.