Chengxin Lithium to raise investment of RMB120 million in Suining Chengxin
2020-12-29 15:41:50 [Print]
Chengxin Lithium announced on December 28th that the registered capitals of its wholly-owned subsidiary, Suining Chengxin Lithium Co., Ltd. will increase by RMB200 million (USD30.63 million). The capitals will be added by Chengxin Lithium and Suining Chengxin Equity Investment Center (Limited Partnership) by cash. In particular, RMB120 million (USD18.38 million) and RMB80 million (USD12.25 million) will come from Chengxin Lithium and Chengxin Equity Investment respectively and Suining Chengxin can use these capitals in construction, equipment purchases and other daily operation.
After the investment increase is finished, the registered capitals of Suining Chengxin will increase from RMB50 million (USD7.66 million) to RMB250 million (USD38.28 million) and the shares of Suining Chengxin Lithium held by Chengxin Lithium will decline from 100% to 68% with the rest shares to be held by Chengxin Equity Investment.
After the investment increase is finished, the registered capitals of Suining Chengxin will increase from RMB50 million (USD7.66 million) to RMB250 million (USD38.28 million) and the shares of Suining Chengxin Lithium held by Chengxin Lithium will decline from 100% to 68% with the rest shares to be held by Chengxin Equity Investment.
Lithium Hydroxide Monohydrate LiOH 56.5%min, Magnets 0.0001%max Delivered China
Unit:RMB/mt
China lithium hydroxide monohydrate producers; sales to production ratio statistics by province by month
Unit: %
