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Yunnan Energy New Material Ends Plans to Build Malaysian Battery Separator Plant; Shares Down 5%

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Yunnan Energy New Material (SHE:002812) agreed to terminate the construction of a lithium battery separator plant in Malaysia, according to a Saturday disclosure on the Shenzhen bourse.

The Chinese paper packaging materials manufacturer's shares dropped 5% during Monday's afternoon trade.

The plan for the construction, which supposedly had an investment worth 2 billion yuan, was launched in 2024.

The project will be cancelled due to changes in the external market environment and stringent competition.

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