---
title: "SQM: Using raised funds to increase capital by 400 million yuan to wholly-owned subsidiary and provide interest-free loans of 187 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240599435.md"
description: "SQM announced that the company will use raised funds of 400 million yuan to increase capital for its wholly-owned subsidiary Foshan SQM, and provide an interest-free loan of 187 million yuan, specifically for the construction project of a high-precision mask production base. After the capital increase, Foshan SQM's registered capital will increase from 200 million yuan to 600 million yuan"
datetime: "2025-05-16T13:29:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240599435.md)
  - [en](https://longbridge.com/en/news/240599435.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240599435.md)
---

# SQM: Using raised funds to increase capital by 400 million yuan to wholly-owned subsidiary and provide interest-free loans of 187 million yuan

SQM announced that the company will hold a board of directors and supervisory board meeting on May 16, 2025, to review and approve the proposal regarding the use of raised funds to increase capital and provide loans to its wholly-owned subsidiary. The company plans to increase the capital of its wholly-owned subsidiary Foshan SQM by RMB 400 million and provide an interest-free loan of RMB 187 million to Foshan SQM, specifically for the implementation of the "Phase I of the High-Precision Mask Production Base Construction Project." Foshan SQM currently has a registered capital of RMB 200 million, which will increase to RMB 600 million after the capital increase

### Related Stocks

- [688138.CN](https://longbridge.com/en/quote/688138.CN.md)

## Related News & Research

- [China's top flash-memory chipmaker YMTC begins pre-IPO coaching talks with investment bank](https://longbridge.com/en/news/286879811.md)
- [OCI Energy and CPS Energy break ground on Alamo City Battery Energy Storage Project | ING Stock News](https://longbridge.com/en/news/286964497.md)
- [ZAWYA: Egypt’s COPAD IPO to be largely secondary as TCV eyes exit](https://longbridge.com/en/news/286859098.md)
- [FOCUS-How India's cooking fuel shortage is driving up California's gas prices](https://longbridge.com/en/news/286750338.md)
- [Rural America must lead the clean-tech energy revolution](https://longbridge.com/en/news/286768483.md)