I translated this paragraph using Google translate from a Jianxi Gangeng filing (Shenzhen Stock Exchange):
First, the summary of the transaction 1, Jiangxi Ganfeng Lithium Industry Co., Ltd. (hereinafter referred to as "the company") held on April 27, 2017, the fourth session of the Board of Directors examined and adopted the " Today agreed that the company's wholly-owned subsidiary, Ganfeng International, subscribed for Pilbara's new shares with its own funds, with no more than $ 20 million in transactions and authorized the company The management layer is solely responsible for the transaction. After the completion of this transaction, Gan Feng International will hold Pilbara not more than 5% stake.
Joe Lowry about PLS and Gangfeng, page-37
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