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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 Copyright SCP held about 5.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 CopyrightOn December 6, Tianqi Lithium announced that on December 5 Chilean time, it concluded its acquisition of SQM 62.Asian Metal Copyright52 million outstanding B shares of SQM, accounting for 2.Asian Metal CopyrightOn December 6, Tianqi Lithium announced that on December 5 Chilean time, it concluded its acquisition of SQM 62.Asian Metal Copyright1% of SQM total outstanding shares, which meant that Tianqi Lithium had indirectly had a 2.Asian Metal Copyright86% interest in SQM and therefore enable Tianqi Lithium to become the second largest shareholder of SQM.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 Copyright SCP held about 5.Asian Metal Copyright52 million B shares of SQM which in total account for a 25.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 Copyright According to SQM Article of Incorporation, Tianqi Lithium is entitled to appointing three members to the SQM board.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