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Putailai: Plans to invest $297 million to build a Malaysia anode material production base
People’s Financial News, March 11 — Putailai (603659) announced on March 11 that the company, through its wholly-owned overseas subsidiary Zichen Malaysia Limited, plans to invest in the construction of a 50,000-ton lithium-ion battery anode material production project in Malaysia. The total planned investment is $297 million (or equivalent in other currencies, approximately 2.051 billion RMB), with the final investment amount subject to actual funding and not exceeding $297 million.