Chengxin Lithium Group Co.Ltd(002240) ( Chengxin Lithium Group Co.Ltd(002240) ) announced on March 22 that the company plans to introduce Byd Company Limited(002594) as a strategic investor by means of directional issuance of shares. The object of this non-public offering is Byd Company Limited(002594) . The number of shares in the non-public offering is no less than 465224 million shares (including the number) and no more than 697837 million shares (including the number). The issue price is 42.99 yuan / share. It is planned to raise no more than 3 billion yuan, which will be used to supplement working capital and repay debts. After the completion of this non-public offering, Byd Company Limited(002594) holds more than 5% of the company’s shares and becomes a related party of the company.
According to the announcement, Byd Company Limited(002594) is a leading manufacturer of independent brand automobiles in China, mainly engaged in automobile business including new energy vehicles and traditional fuel vehicles, mobile phone parts and assembly business, secondary rechargeable batteries and photovoltaic business, and actively expand the business field of urban rail transit Chengxin Lithium Group Co.Ltd(002240) is the upstream raw material supplier of Byd Company Limited(002594) . In the future, with the vigorous development of new energy vehicle industry and energy storage industry and the continuous implementation of Byd Company Limited(002594) capacity investment plan, the demand for lithium products in Byd Company Limited(002594) will continue to release, laying a solid foundation for business cooperation between the two sides and helping Chengxin Lithium Group Co.Ltd(002240) expand sales scale and improve sales performance.
At the same time, Byd Company Limited(002594) has extensive industrial resources of new energy industry, and its global layout is highly consistent with the development direction of Chengxin Lithium Group Co.Ltd(002240) Byd Company Limited(002594) after becoming the strategic investor of Chengxin Lithium Group Co.Ltd(002240) will give full play to and make use of its advantages, actively assist Chengxin Lithium Group Co.Ltd(002240) to cooperate with high-quality enterprises in the industry, including but not limited to market, channel, brand, technology, resources, investment and financing, and provide strategic support for business expansion and global business collaboration.
Chengxin Lithium Group Co.Ltd(002240) said that as a leading lithium salt processing enterprise in China, the company plans to introduce Byd Company Limited(002594) as a strategic investor this time, which will help the two sides carry out industrial chain cooperation and coordination and accelerate the realization of the strategic goal of “striving to become a global leader in lithium new energy materials”.
