Jinshi Resources (603505.SH) plans to buy 15.71% of Noah Fluorine Chemical's shares for 257 million yuan to become its second largest shareholder

Zhitong Finance App News, Jinshi Resources (603505.SH) announced that the company plans to transfer 15.7147% of the total shares of the target company held by six shareholders (collectively known as “transferors”), including Zhejiang Noah Fluorine Chemical Co., Ltd. (“Noah Fluorine Chemical”) shareholder Shaoxing Shangyu Longcang Equity Investment Partnership (limited partnership), at a price of 257 million yuan. The registered capital and paid-in capital of the corresponding target company are all 13.106 million yuan. After the transaction is completed, the company will hold 15.7147% of the underlying company's shares, making it its second largest shareholder. The shareholding ratio is 0.1415% different from the largest shareholder.

The company's foreign investment and share purchase aims to build on the company's core advantages of upstream fluorite ore and fluorine chemical basic products, lay out a fine fluorine chemical circuit with high growth potential, and use the scope economy to expand new quality business, in line with the company's “resource+technology” two-wing driving strategy and the strategic direction of the vertical integration layout of new fluorine chemicals. It is an important layout for the company, as a leading upstream fluorine chemical enterprise, to strategically extend the downstream fine fluorine chemical industry and deepen its value chain.