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    Home > Coatings News > Paints and Coatings Market > Lomon Baili acquired China Carbon New Materials for 292 million yuan to achieve coordinated development of battery positive and negative materials

    Lomon Baili acquired China Carbon New Materials for 292 million yuan to achieve coordinated development of battery positive and negative materials

    • Last Update: 2021-04-19
    • Source: Internet
    • Author: User
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    Recently, Lomon Baili (002601) issued an announcement stating that the company’s wholly-owned subsidiary Henan Baili New Energy Materials Co.
    , Ltd.
    (hereinafter referred to as “Baili New Energy”) intends to acquire Jiaozuo Zhongzhou Carbon Co.
    , Ltd.
    (hereinafter referred to as "Zhongzhou Carbon") holds 100% equity of Henan Zhongtan New Material Technology Co.
    , Ltd.
    (hereinafter referred to as "China Carbon New Material"), and the transaction price is RMB 291,556,400.
    After the completion of this transaction, Baili New Energy will own 100% equity of China Carbon New Materials, and China Carbon New Materials will become a wholly-owned subsidiary of the company.
    Lomon Baili stated that China Carbon New Materials is a wholly-owned subsidiary of Zhongzhou Carbon.
    Zhongzhou Carbon is one of the earliest carbon companies in China.
    It has advanced graphite electrode production technology, mainly producing ultra-high power graphite electrode products, and its technology is leading the domestic industry.
    After the completion of the acquisition, the company will take advantage of the talents and technology of China Carbon New Materials to enter the graphite anode industry, formally enter the new energy field, enrich the company’s product categories, increase new profit growth points, and realize the development and production of new products for the company.
    Prepare for the coordinated development of positive and negative materials for energy batteries.
    On the same day, Lomon Baili also issued an announcement stating that, in order to further enhance the financial strength and operational capabilities of its subsidiaries, the company intends to use its own funds to increase the capital of its wholly-owned subsidiary Baili New Energy by RMB 9.
    0 million, and to increase the capital of its wholly-owned subsidiary Longbai.
    Sichuan Titanium Industry Co.
    , Ltd.
    increased its capital by RMB 369,883.
    82 million, and increased its capital by RMB 50,000 million in its holding subsidiary, Yunnan Guotitanium Metal Co.
    , Ltd.
    , at a price of RMB 1 per share.
    After the capital increase is completed, the registered capital of Baili New Energy has been changed from RMB 100 million to RMB 100 million, the registered capital of Longbai Sichuan has been changed from RMB 43,011,169,28 to RMB 80 million, and the registered capital of Yunnan Guotai has changed from RMB 100 million The RMB was changed to RMB 150 million, and the other shareholder of Yunnan Guotai Lufeng Xinli Titanium Industry Co.
    , Ltd.
    no longer increased the capital in the same proportion.
    It is understood that Lomon Baili has five production bases in three provinces and four places.
    It is a large-scale titanium dioxide manufacturer in China with both sulfuric acid and chloride production processes.
    With the promotion of new energy technologies, the lithium battery application market is growing rapidly In order to seize market opportunities and increase the added value of the company's by-products such as ferrous sulfate heptahydrate, the company intends to enter the field of new energy batteries to develop and produce battery materials such as iron phosphate, lithium iron phosphate, and graphite anodes to cultivate new profit growth points.
    .
    It is worth noting that on February 18, Lomon Baili issued an announcement stating that in accordance with the company’s business and strategic development needs, in order to accelerate the implementation of the innovation-driven green development strategy, the company’s wholly-owned subsidiary Baili New Energy plans to invest 300 million yuan.
    Henan Longbai New Material Technology Co.
    , Ltd.
    was established in Qinyang City, Henan Province (tentative name, and the final name is subject to the approval and registration of the administrative department for industry and commerce, mainly engaged in battery manufacturing; battery sales; electronic special materials research and development; electronic special materials Manufacturing; sales of electronic special materials; recycling of waste power batteries for new energy vehicles (excluding hazardous waste management), etc.
    A few days ago, the Qinyang Municipal Government and Lomon Baili held a signing ceremony, with a total investment of 2 billion Longbai new energy batteries The material industrial park project is located in Qinyang.
    It is understood that the project plans to build a new energy battery material project with an annual output of 150,000 tons, which will be constructed in three phases.
    After the full production and the standard are reached, the annual sales income will exceed 3 billion yuan and the tax payment will be 110 million yuan.
    RMB, achieving employment of more than 1,000 people.
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