At the same time To its own investment decision-making reasons, and propos to transfer all its shares. In Everest Hong Kong to the Everest Hong Kong Shareholders’ Meeting. The Everest Hong Kong Shareholders’ Meeting decid to agree to its transfer of relevant shares. An other shareholders except the company waiv their preemptive purchase rights. This is also in line with Lingyuan Environmental’s commitment in the aforemention “Investment Agreement” that the company has the preemptive purchase right for the lithium salt lake project.
Tibet Zhufeng said that the new energy lithium-ion vehicle market is maturing
The relat industry chain’s demand for upstream lithium resources is increasing. An the necessity of project expansion and development is gradually emerging. Therefore, in order to actively implement the overall layout strategy. Of the new special database energy industry, the company, combin with the withdrawal intention of financial investor Lingyuan Global. Chose to execute the priority acquisition of all the shares of Zhufeng Hong Kong At the same time held by Lingyuan Global to achieve controlling stake in the project. The company will combine market opportunities to orderly promote the expansion and development of its subordinate lithium salt lake SDLA project, and strive to cultivate new growth points for the company.
After the acquisition is complet
The company will hold a 54% stake in Everest. Hong Kong and become its controlling shareholder, and Everest Hong Kong will become. A consolidat subsidiary of the company.
Tibet Zhufeng said that according to cayman islands lists the establish industry development strategy of “one body and two wings” (basic non-ferrous metals + new energy, new materials), the company keeps an eye on the characteristics of the new energy At the same time industry chain and its value chain. After the completion of this acquisition.
The company will realize the controlling stake
In Zhufeng Hong Kong, which will be doctors email list conducive to. The company’s resource strategy upgrade, effectively promote the follow-up work progress. Of relevant investment projects, and help improve the company’s ability to resist. The cyclical risks of the existing non-ferrous metal industry. The funds for this equity transfer are all from the company’s own funds, and will not have a significant impact on the company’s financial status and operating results.