Shanshan Stock Hopes To Invest 30% Stake In SQM Company.

People familiar with the matter reported that Chinese enterprises in Ningbo

Limited by Share Ltd is launching an in-depth consultation on the purchase of SQM (Sociedad Quimica Y Minera) stake in the global lithium giant.

No matter from the main business income structure or investment target, sell

The Shanshan stock company is a new energy enterprise.

Judging from this potential paction, global

Interest in renewable battery materials is growing. Due to the high hopes for the development of electric vehicles, the price of renewable battery materials is rising rapidly.

At the same time, this is China's latest acquisition in Latin America, and China's acquisition of Latin American asset boom stems partly from its keen demand for raw materials in the region.

According to the official website of SQM, the company was founded in 1968.

At present, there are mainly three product lines: special plant nutrition products, iodine and lithium, which are globally leading.

The company's revenue in the two quarter of this year was US $489 million 600 thousand.

In December 2015, Oro Blanco, an indirect shareholder of SQM, announced that it would sell all of its Pampa Calichera CALa.SN. holdings.

Oro Blanco holds about 88% stake in Pampa Calichera, which makes it indirectly hold about 20% stake in SQM.

According to reports, a source said Shanshan stock hopes to invest 30% stake in SQM company, according to the current market price, the share price of the paction price should exceed $1 billion 500 million.

According to the Chilean government website, in June this year, the chairman of Shanshan Limited by Share Ltd, Zhuang Wei, visited Chile to promote the production committee. The purpose of the meeting was to find out the Chilean government's attitude and permission for foreign enterprises to invest in the lithium battery industry in Chile.

In March of this year, Aurora Williams, Chile's minister of mining, said that it would not exclude foreign investment in SQM.

Shanshan stock company was established in 1989, and is mainly engaged in the design and production of men's wear.

In 1996, Shanshan stock became the first listed company in China's garment industry.

In fact, Shanshan stock company entered the field of lithium battery research and development in 1999.

According to the data, lithium battery and other new energy businesses account for 79% of the total business income of Shanshan stock.

Shanshan shares published in August semi annual report shows that the first half of the company achieved operating income of 2 billion 154 million yuan, an increase of 15.16% over the same period.