Northern Rare Earth intends to acquire equity of its subsidiary
2021-03-30 11:54:04
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Northern Rare Earth announced on March 26 that it intends to invest RMB32.Asian Metal CopyrightNorthern Rare Earth announced on March 26 that it intends to invest RMB32.Asian Metal Copyright182 million (USD4.Asian Metal Copyright98 million in cash to acquire 11.Asian Metal Copyright98 million) in cash to acquire 11.Asian Metal Copyright95 million, and the company's shareholding ratio in Magnetic Company would increase accordingly.Asian Metal Copyright31% of the equity of the company's holding subsidiary Magnetic Company held by Baotou Rare Earth Research Institute.Asian Metal Copyright95 million, and the company's shareholding ratio in Magnetic Company would increase accordingly.Asian Metal Copyright At the same time, Northern Rare Earth will increase its capital by way of a debt-for-equity swap of RMB200 million (USD30.Asian Metal Copyright31% of the equity of the company's holding subsidiary Magnetic Company held by Baotou Rare Earth Research Institute.Asian Metal Copyright95 million) of the total loan provided to Magnetic Company.Asian Metal Copyright95 million of the total loan provided to Magnetic Company.Asian Metal Copyright After completion, the registered capital of Magnetic Company will increase by RMB200 million (USD30.Asian Metal Copyright After completion, the registered capital of Magnetic Company will increase by RMB200 million USD30.Asian Metal Copyright95 million), and the company's shareholding ratio in Magnetic Company would increase accordingly.
.Asian Metal Copyright95 million, and the company's shareholding ratio in Magnetic Company would increase accordinglyAsian Metal Copyright
