Hengyuan Technology signs strategic cooperation agreement with China Southern Rare Earth International Trade
2018-06-25 19:34:26 [Print]
Hengyuan Technology announced on May 7th that it planned to sign a strategic cooperation agreement with China Southern Rare Earth International Trade Co., Ltd. to establish a long-term cooperative relationship in purchasing and selling. Hengyuan Technology noted that the two parties will conduct purchasing and selling based on Purchasing and Selling Contract signed per month and China Southern Rare Earth International Trade should pay Hengyuan Technology every 12 months certain amounts of guarantee money which will be transferred as advanced money of China Southern Rare Earth International Trade in purchasing materials based on certain proportion per month. In addition, Ye Liang and Zhan Qun, shareholders of Hengyuan Technology, will use 15 million shares which represent 39.68% of total shares of the company as the pledge of stock rights to cooperate with China Southern Rare Earth International Trade.
It's reported that Hengyuan Technology is engaged in recovery processing and processing with supplied material of NdFeB scraps.
It's reported that Hengyuan Technology is engaged in recovery processing and processing with supplied material of NdFeB scraps.
