Financials, Technology, Healthcare Nov 29, 2021 03:59 PM (GMT+8) · EqualOcean
Financial Associated Press, Nov. 29, CNNC titanium white announced that the company signed the framework agreement on purchase and sales strategic cooperation with Jintai potash, Li Shiwen and Fukang mining, and agreed to reach a strategic cooperation relationship on the supply and procurement of lithium products (including but not limited to industrial grade lithium carbonate, battery grade lithium carbonate, lithium chloride or all other lithium products developed in the future) and brine raw materials, Jintai potash agrees to provide lithium products and brine raw materials for the company and its subsidiaries for a long time. Meanwhile, the company plans to increase the capital of Jintai potash by 200 million yuan with its own funds. After the completion of this transaction, the company holds 4.39% equity of Jintai potash; In this transaction, Jintai potash was valued at 2.7 billion yuan before capital increase.

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