Sundy Land Investment Co.Ltd(600077) announced that Songdu lithium Co., Ltd. and Qidi Qingyuan, the holding subsidiaries of the company, signed a consortium agreement to form a consortium and jointly participate in the implementation of Tibet Summit Resources Co.Ltd(600338) “equipment, operation and technical services of 50000 ton lithium carbonate salt lake lithium extraction construction project of Argentina lithium potassium Co., Ltd.” Tibet Summit Resources Co.Ltd(600338) and the consortium signed the cooperation agreement on equipment, operation and technical services of the 50000 ton lithium carbonate salt lake lithium extraction construction project of Argentina lithium potassium Co., Ltd. Under the relevant contracts, the amount of equipment procurement involved is 1.6 billion yuan. Songdu lithium branch advances all contract equipment funds, that is, the amount of external financial assistance is 1.6 billion yuan. Songdu lithium has the right to charge interest at the annual interest rate of 8% according to the amount advanced. All the advance payment and corresponding interest of the contract equipment, Tibet Summit Resources Co.Ltd(600338) shall be repaid in three installments within three years after the completion and acceptance of the membrane process section of the project or within three years from March 31, 2024 (including March 31, 2024), whichever is earlier. At the same time, during the cooperative operation period, Tibet Summit Resources Co.Ltd(600338) shall calculate the product processing fee and operation reward every month according to the agreement and pay it to the consortium.
© China Stock Market News