FilingReader Intelligence

IRC divests joint venture stake for RMB32.2m

July 28, 2025 at 05:02 PM UTCBy FilingReader AI

IRC Limited's subsidiary has agreed to sell its 46% equity interest in Heilongjiang Jianlong Vanadium Industries for RMB32.2 million ($4.5 million). The joint venture manufactures and sells vanadium products.

As of December 31, 2024, the joint venture had audited net liabilities of approximately RMB65.5 million. IRC expects to record a gain of approximately $4.5 million from the disposal.

Upon closing, IRC will cease to hold any equity in the joint venture company.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:1029Hong Kong Exchange

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