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
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