10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

7th Cobalt Lithium Summit

March 21-22, 2019
Shenzhen, Guangdong, China

12th Indium & Bismuth & Germanium & Gallium Forum

March 14-15, 2019
Zhuhai, Guangdong, China

6th World Manganese & Selenium Forum

May 21-22, 2018
Hainan Sanya, China

6th World Antimony Forum

April 23-24, 2018
Zhangjiajie, China

6th International Refractories & Abrasives Summit

April 19-20, 2018
Beijing, China

Tianqi Lithium concludes acquisition of SQM shares

2018-12-07 15:22:58  【Print】
On December 6, Tianqi Lithium announced that on December 5 Chilean time, it concluded its acquisition of SQM 62.Asian Metal CopyrightOn December 6, Tianqi Lithium announced that on December 5 Chilean time, it concluded its acquisition of SQM 62.Asian Metal Copyright56 million A shares by completing acquisition capital payment and share transfer.

In September 2016, Tianqi Lithium acquired Chilean lithium production company SCP with USD209 million. SCP held about 5.Asian Metal Copyright52 million B shares of SQM which in total account for a 25.Asian Metal Copyright52 million outstanding B shares of SQM, accounting for 2.Asian Metal Copyright1% stake in SQM before this A share transfer happened.Asian Metal Copyright1% of SQM total outstanding shares, which meant that Tianqi Lithium had indirectly had a 2.Asian Metal Copyright .Asian Metal Copyright1% stake in SQM before this A share transfer happened.

With this A share transfer completed, Tianqi Lithium now holds about 62.56 million A shares and about 5.Asian Metal Copyright86% interest in SQM and therefore enable Tianqi Lithium to become the second largest shareholder of SQM.Asian Metal Copyright52 million B shares of SQM which in total account for a 25.Asian Metal Copyright86% interest in SQM and therefore enable Tianqi Lithium to become the second largest shareholder of SQM.Asian Metal Copyright86% interest in SQM and therefore enable Tianqi Lithium to become the second largest shareholder of SQM.Asian Metal Copyright52 million B shares of SQM which in total account for a 25.Asian Metal Copyright According to SQM Article of Incorporation, Tianqi Lithium is entitled to appointing three members to the SQM board.


.Asian Metal Copyright1% of SQM total outstanding shares, which meant that Tianqi Lithium had indirectly had a 2.Asian Metal Copyright