Ningbo Jutai Investment Management Co., Ltd. signed the share transfer agreement to acquire additional 14.7% stake in Jin Zhou New China Dragon Moly Co., Ltd from Qin Lijing, Tan Jiugang and Tan Gang for approximately CNY 820 million.
January 14, 2017
Share
Ningbo Jutai Investment Management Co., Ltd. signed the share transfer agreement to acquire additional 14.7% stake in Jin Zhou New China Dragon Moly Co., Ltd (SHSE:603399) from Qin Lijing, Tan Jiugang and Tan Gang for approximately CNY 820 million on January 13, 2017. Under the terms of the transaction, Ningbo Jutai Investment Management Co., Ltd. will acquire 29.9 million shares from Qin Lijing, 26.3 million shares from Tan Jiugang and 17.1 million shares from Tan Gang for CNY 11.195 per share.
Jinzhou Yongshan Lithium Co Ltd, formerly Jinzhou Jixiang Molybdenum Co Ltd, is a China-based company mainly engaged in the production, processing and sales of molybdenum products and lithium salt products. The Company mainly operates two businesses. The lithium salt product business is engaged in the research, development, production and sales of battery-grade lithium carbonate and battery-grade lithium hydroxide. Product application fields include power batteries for new energy vehicles, energy storage batteries and consumer electronics product batteries. The molybdenum products business is mainly engaged in the production, processing and sales of molybdenum charge. The products include roasted molybdenum concentrate and ferromolybdenum, which are used in the production of stainless steel, alloy steel and special steel. The Company is also engaged in film and television business. The Company conducts its business in domestic and foreign markets.
Ningbo Jutai Investment Management Co., Ltd. signed the share transfer agreement to acquire additional 14.7% stake in Jin Zhou New China Dragon Moly Co., Ltd from Qin Lijing, Tan Jiugang and Tan Gang for approximately CNY 820 million.
JINZHOU YONGSHAN LITHIUM CO., LTD. 
