Bank Of China (000982): Invest In The Construction Of Lithium Iron Phosphate Project With An Annual Output Of 80000 Tons
Bank of China (000982) announced on the evening of November 20 that Ningxia Zhongyin cashmere Co., Ltd. (hereinafter referred to as "the company") intends to sign the equity transfer agreement with Sichuan xinruiheng lithium energy technology Co., Ltd. (hereinafter referred to as "xinruiheng" or "target company") and its shareholder Chengdu Chongxin Xinda Industrial Co., Ltd. (hereinafter referred to as "Chongxin Xinda"), Chongxin Xinda transferred its 100% equity of xinruiheng (the corresponding subscribed registered capital is RMB 50 million and the paid in registered capital is RMB 0) to the company at the price of RMB 0. After the transfer, the company will pay 50 million yuan of registered capital to xinruiheng. Xinruiheng becomes a wholly-owned subsidiary of the company, and plans to invest in the construction of lithium iron phosphate project with an annual output of 80000 tons of lithium battery cathode material with xinruiheng as the investment subject.
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