Sino-Platinum Metals Co.Ltd(600459) 3 announced on March 16 that the company plans to acquire 100% equity of the precious metals group held by the controlling shareholder cloud investment group at a transfer price of 582177 million yuan.
Precious metals group is the main operator of the cultivation and development of precious metals strategic new material industry in Yunnan Province. At present, it has two wholly-owned subsidiaries: precious metals International (Singapore) Co., Ltd. and Kunming Guiyan New Material Technology Co., Ltd., which respectively correspond to the two platforms of basic research for the sustainable development of precious metals industry and international trade of rare and precious metals. The national enterprise technology center owned by the basic R & D platform dominated by Kunming Guiyan New Material Technology Co., Ltd. and the genetic engineering of rare and precious metal materials in Yunnan Province under overall implementation have constructed a new R & D mode and platform for new materials, which can provide key core technical support for solving the series of “neck sticking” problems in the field of precious metal high technology, It can effectively supplement the weaknesses of Listed Companies in basic research and promote the integrated development of basic research and applied research. The rare and precious metals international trading platform with precious metals International (Singapore) Co., Ltd. as the main body can further improve and extend the precious metals industry chain, further open the international market space and play a positive role in the company’s integration into the global precious metals industry chain by carrying out precious metals international business with the goal of “extending, supplementing and strengthening the chain” of the industry.
The company said that through this transaction, the company can obtain resources such as technology research and development and international business platform with strong competitiveness in the precious metal field, which is in line with the future development plan and business layout of listed companies, and is conducive to improving the core competitiveness and voice of Listed Companies in the precious metal industry.
