Jiangxi Special Electric Motor halts trading amid control talks

Jiangxi Special Electric Motor initiated a trading halt on July 22 for up to two trading days, as controlling shareholders Zhu Jun and Lu Shunmin consider a potential change in company control.

Concurrently, wholly-owned subsidiary Yichun Yinli New Energy announced a temporary shutdown of lithium salt production lines starting July 25 for approximately 26 days for equipment maintenance and upgrades.