ST Sansheng announced on November 22 that it planned to acquire 51% equity of Malipo Tianxiong New Material Co., Ltd. with amount of RMB500 million (USD70 million), and agreed that the latter can transform part of its manganese flake production line and build a new production line with an annual output of 200,000 tons of battery-grade high-purity manganese sulfate and manganese tetroxide. At present, its production capacity of manganese sulfate maintains around 450,000 tons, and the accumulated production capacity added next year would reach more than 500,000 tons.