Sino-Platinum Metals Co.Ltd(600459) : it plans to acquire 100% equity of precious metals group and build a leading enterprise in precious metals new materials

Sino-Platinum Metals Co.Ltd(600459) 3 announced on the evening of March 16 that according to the actual needs of the company’s medium and long-term development planning and industrial layout, in order to further straighten out the equity relationship, integrate the high-quality resources of the precious metal industry in Yunnan Province, enhance the comprehensive competitive advantage of the industry, and build a leading enterprise in China’s precious metal new materials, the company plans to acquire 100% equity of the precious metal group held by the controlling shareholder cloud investment group. Through negotiation, the price of this equity transfer is 582177 million yuan.

Precious metals group has a basic research platform for the sustainable development of precious metals industry and an international trading platform for rare and precious metals, which has a significant synergistic effect with the business development of listed companies. Precious metals group has established a national enterprise technology center. At the same time, the genetic engineering of rare and precious metal materials in Yunnan Province, which is being implemented as a whole, has built a new R & D model and platform for new materials. The implementation of scientific research projects such as a series of major scientific and technological projects based on the application of precious metal materials can provide key core technical support for solving the series of “neck sticking” problems in the high-tech field of precious metals.

Sino-Platinum Metals Co.Ltd(600459) said that this integration can effectively supplement the weaknesses of Listed Companies in basic research and promote the integrated development of basic research and applied research, so as to enhance the R & D ability and level of listed companies, form a complete integrated innovation system of industry, University, research and application, and further enhance the core competitiveness of the company in the field of precious metals. With the help of precious metal group’s experience and platform resources in international trade, the company can carry out precious metal international business, further improve and extend the precious metal industry chain with the goal of industrial chain extension, chain reinforcement and chain strengthening, further open the international market space, and play a positive role in integrating the company into the global precious metal industry chain and participating in global competition.

Sino-Platinum Metals Co.Ltd(600459) after purchasing the equity of precious metals group, it will build an operation platform of precious metals new materials industry in Yunnan Province with listed companies as the main body, and accelerate the construction of high-end rare and precious metals new materials manufacturing and strategic metal reserve base based on the resource endowment of Yunnan Province.

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