【Chinatungsten Online News Net- Tungsten News】
Dingli shares a soft spot for rare earths, recently obtained through capital 22,500,000 yuan Kay Rare Earth Materials Co., Ltd. 45% stake, becoming its largest shareholder.
August 30, Dingli shares with natural Li Wenke, Lin Shang Ju, ginger can drive Yan tree Kyrgyzstan, as well as the target company Shandong Kay Rare Earth Materials Co., Ltd. signed the "Shandong Zhongkai Rare Earth Materials Co., Ltd. Capital Increase Agreement" and the related supplementary agreements. Agreement, Kay Rare original registered capital of 20 million yuan, Dingli shares and the natural person Yan Ji tree and the original shareholders have jointly registered capital of 30 million yuan to add, after the capital increase in the registered capital of Kay earth 50 million yuan. Dingli shares which invested 22.5 million yuan in capital is held 45% equity interest in Kay earth.
Kay is currently the Shandong Province of rare earth products more complete separation ability of rare earth deep processing enterprises, with a number of rare earth deep processing production lines with an annual capacity of 6000t / a rare earth chloride, 2500t / a separation of rare earth oxides and 2000t / a polishing powder.
Dingli shares, said the company optimistic Kay rare earth industrial technology, development prospects, are willing to buy the shares through its replenishment Kay rare earth, rare earth Kay to support the development and expansion of the downstream separation of rare earth deep processing industry, to further improve the Company's rare earth industry chain. The equity investment is completed, the company will Kay and the other shareholders of rare earths according to the actual situation, the transformation and optimization of production processes in Shandong and Guangxi Kay earth ion adsorption type rare earth ore to match and improve profitability.
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