XTC New Energy Materials(Xiamen) Co.,Ltd. announced that it has received CNY 3.499999894 billion in funding from Xiamen Tungsten Co., Ltd., Fujian Yekong Equity Investment Management Co., Ltd., Sansteel MinGuang Co.,Ltd.,Fujian, Fujian Panluo Iron Mine Co., Ltd.
August 16, 2022
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On August 16, 2022, XTC New Energy Materials(Xiamen) Co.,Ltd. closed the transaction. The company issued 48,978,448 shares for proceeds of CNY 3,499,999,894.08. The company issued expenses of CNY 6,532,998.74 and the actual net amount of funds were CNY 3,493,466,895.34 in the transaction.
XTC New Energy Materials Xiamen Co Ltd is a China-based company principally engaged in the research and development, production and sales of cathode materials for lithium-ion batteries. The Company's main products are lithium cobalt oxide and Nickel-Cobalt-Manganese (NCM) ternary materials. Its lithium cobalt oxide covers 4.35V, 4.4V and 4.45V models. Its lithium cobalt oxide is mainly used in electronic products such as smart phones, notebook computers, tablet computers, drones, e-cigarettes, and wearable devices. Its NCM ternary materials cover Ni5, Ni6, Ni7 and Ni8 models. Its NCM ternary materials are used in electric vehicle, electric bicycle and consumer electronics fields.
XTC New Energy Materials(Xiamen) Co.,Ltd. announced that it has received CNY 3.499999894 billion in funding from Xiamen Tungsten Co., Ltd., Fujian Yekong Equity Investment Management Co., Ltd., Sansteel MinGuang Co.,Ltd.,Fujian, Fujian Panluo Iron Mine Co., Ltd.