Tibet Summit Resources Co.Ltd(600338) ( Tibet Summit Resources Co.Ltd(600338) ) announced on the evening of February 27 that the Chengdu Intermediate People’s Court issued the auction announcement, which will publicly dispose of 42 million shares of the company held by the controlling shareholder Tacheng International (including fruits, i.e. share delivery, share conversion and cash dividend) on the Taobao judicial auction network platform from 14:00 on March 28 to 14:00 on March 29, 2022, Accounting for 4.59% of the total share capital of the company. The auction was divided into four parts on average, with 10.5 million shares each and a reference price of 349 million yuan each.
The 42 million Tibet Summit Resources Co.Ltd(600338) shares held by Tacheng international are subject to judicial disposal mainly because of the pledge guarantee dispute between Tacheng international and Sichuan Trust Co., Ltd. The 42 million Tibet Summit Resources Co.Ltd(600338) shares originally held by Tacheng international should be publicly auctioned on Taobao judicial auction network platform from 14:00 on January 24, 2022 to 14:00 on January 25, 2022 (except for automatic bidding delay). However, because Tacheng international applied for execution objection to the civil judgment execution court, Chengdu Intermediate People’s court decided to suspend the auction.
Prior to this, on February 8, Tibet Summit Resources Co.Ltd(600338) also announced that the company learned from the Shanghai financial court and the online information platform of Shanghai Stock Exchange, and verified and confirmed with Tacheng international that the Shanghai financial court will publicly auction the judicial disposal of stocks on the judicial assistance execution platform of bulk stocks of Shanghai Stock Exchange on March 4, 2022, The subject matter is Tibet Summit Resources Co.Ltd(600338) shares held by Tacheng international, totaling 64 million shares, accounting for 7.0006% of the total share capital of the company.
Tibet Summit Resources Co.Ltd(600338) in the announcement on February 8, explaining the reasons for the judicial disposal of the auction shares, said that according to the relevant arbitration award, the Shanghai financial court issued an enforcement ruling. Accordingly, the Shanghai financial court issued the announcement on judicial disposal of shares to dispose of the circulating shares of the above-mentioned company held by Tacheng international.
It is worth mentioning that in the announcements on the evening of February 8 and February 27, Tibet Summit Resources Co.Ltd(600338) both said that if the stock disposal auction was successful, it would not lead to changes in the controlling shareholder and actual controller of the company.
In fact, on July 30, 2021 and November 5, 2021, Tibet Summit Resources Co.Ltd(600338) once announced twice that some shares of the company held by the controlling shareholder had been disposed of by judicial auction to complete the share transfer, involving 1663.2 shares and 46.189 million shares respectively, with a total disposal amount of 335 million yuan and 1.346 billion yuan respectively.
According to the announcement of Tibet Summit Resources Co.Ltd(600338) 2021 on December 6, as of the announcement date, after lifting the single judicial freeze and continuing the waiting freeze, the Tibet Summit Resources Co.Ltd(600338) 287 million shares held by Tacheng international have been frozen, accounting for 100% of its shares and 31.38% of the total share capital of the listed company.
Tibet Summit Resources Co.Ltd(600338) focuses on the mining and Beneficiation Production of non-ferrous metal mines, and is implementing the project development of Salt Lake basic lithium salt products. The company expects to realize a net profit of 700 million yuan to 900 million yuan in 2021, with a year-on-year increase of 218876% – 284269%. As for the reason for the substantial increase in performance, the explanation given by Tibet Summit Resources Co.Ltd(600338) is that the company’s performance increase in 2021 is mainly due to the return of the company’s main business to normal. During the reporting period, the prices of lead, zinc and copper in non-ferrous metal industry increased compared with the same period of last year; In 2021, the production capacity recovery progress of Tazhong Mining Co., Ltd., a wholly-owned subsidiary of the company, and the output and sales volume of concentrate products meet the annual production and operation plan.
Although the shares of the company held by the controlling shareholders are frequently disposed of and auctioned, this does not prevent Tibet Summit Resources Co.Ltd(600338) strengthening its attention and investment in the new energy industry chain and its value chain.
Tibet Summit Resources Co.Ltd(600338) at this stage, we are promoting the fixed increase fund-raising of no more than 8 billion yuan. The fund-raising will be used for the lithium extraction construction project of 50000 ton lithium carbonate salt lake of Argentina lithium potassium Co., Ltd., the 6000kt / a mining and dressing reconstruction and expansion project of Tazhong Mining Co., Ltd., the lithium salt lake resource exploration project of Argentina Tosa Co., Ltd. and supplementary working capital.
As of the closing on February 25, Tibet Summit Resources Co.Ltd(600338) reported at 33.66 yuan, up 0.41 yuan or 1.23%.
