Infund Holding Group plans to co-invest in lithium carbonate extraction
2017-12-26 17:04:43 [Print]
Infund Holding Group ("Infund") announced on December 25 at night that it planned to co-invest in and establish a lithium carbonate extraction joint venture ("the JV") which will engage in extraction and production of industrial grade lithium carbonate with China National Agricultural Means of Production Group Corporation (Sino-agri), CNAMPGC Holding Limited Corporation ("CNAMPGC") and Mangya Xingyuan Potash Fertilizer Co., Ltd. ("Xingyuan").
The JV has a registered capital of RMB200 million including RMB82 million from Infund which holds 41% stock equity, RMB30 million from Sino-agri holding 15% stock equity, RMB30 million from CNAMPGC with 15% stock equity and RMB10 million from Xingyuan which holds 5% stock equity of the JV; in addition, the management team and key technical staff holds 10% and 14% stock equity respectively through newly established No.1 and No.2 share holding platforms.
On the same day, Infund signed a cooperation agreement ("the Agreement") with Sino-agri, CNAMPGC and Xingyuan.
It is known that Infund and its subsidiaries have grasped the proprietary technology about production of concentrates and lithium extraction from brine and manufacturing of industrial grade lithium carbonate products and technology improvement of reaction still. They will give full play to the advantages of all parties; by taking advantage of the extraction technology of Infund and brain resources of Xingyuan, they will develop lithium extraction and manufacturing of lithium carbonate businesses emphatically to realize complementary advantages and win-win development.
The JV has a registered capital of RMB200 million including RMB82 million from Infund which holds 41% stock equity, RMB30 million from Sino-agri holding 15% stock equity, RMB30 million from CNAMPGC with 15% stock equity and RMB10 million from Xingyuan which holds 5% stock equity of the JV; in addition, the management team and key technical staff holds 10% and 14% stock equity respectively through newly established No.1 and No.2 share holding platforms.
On the same day, Infund signed a cooperation agreement ("the Agreement") with Sino-agri, CNAMPGC and Xingyuan.
It is known that Infund and its subsidiaries have grasped the proprietary technology about production of concentrates and lithium extraction from brine and manufacturing of industrial grade lithium carbonate products and technology improvement of reaction still. They will give full play to the advantages of all parties; by taking advantage of the extraction technology of Infund and brain resources of Xingyuan, they will develop lithium extraction and manufacturing of lithium carbonate businesses emphatically to realize complementary advantages and win-win development.
Lithium Carbonate 99.5%min Delivered China
Unit:RMB/mt
China lithium carbonate 99%min producers' inventory to production ratio statistics by province by month
Unit: %
