Salt Lake Co., Ltd. (000792.SZ) plans to acquire 51% of Minmetals Salt Lake shares for 4.605 billion yuan

According to Zhitong Finance App, Salt Lake Co., Ltd. (000792.SZ) announced that the company plans to purchase 51% of the shares of Minmetals Salt Lake Co., Ltd. (hereinafter referred to as “Minmetals Salt Lake” or the “target company”) held by the controlling shareholder of the company, China Salt Lake Industrial Group Co., Ltd. (hereinafter referred to as “China Salt Lake”) by means of cash payment. The transaction used the evaluation report issued by the evaluation agency as the pricing reference, and after negotiations between the parties to the transaction, the transfer price was RMB 4.605 billion (the final transaction price was determined by reference to the assessed value registered by the competent state-owned assets supervisory authority). After the transaction is completed, Minmetals Salt Lake will become the company's holding subsidiary and included in the scope of the company's consolidated statements.

Minmetals Salt Lake's main products are lithium carbonate, lithium phosphate, lithium hydroxide, and potassium chloride. Currently, it has built a lithium carbonate production capacity of 15,000 tons/year, lithium phosphate production capacity of 20,000 tons/year, lithium hydroxide production capacity of 10,000 tons/year, and potash fertilizer production capacity of 300,000 tons/year.

After the transaction is completed, the two sides can fully unleash the synergy effects in the fields of comprehensive development and utilization of salt lake resources, scientific and technological innovation, effectively enhance the company's core competitiveness and industrial attractiveness, help the company further play a leading role, and accelerate the construction of a world-class salt lake industrial base. After the target company is injected into the listed company, it will further expand the company's potassium-lithium resource control scale and production and sales scale, and enhance the company's industry influence and market voice in the field of salt lake resource development. Furthermore, relying on Minmetals Salt Lake's relatively stable profitability, the company's performance scale and profit stability are expected to further improve, and build a solid foundation for the company's sustainable and high-quality development.