---
title: "Sino Prima Gas plans to purchase bauxite resources through market-oriented methods"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240802940.md"
description: "Sino Prima Gas plans to purchase bauxite resources through market-oriented methods, and the board of directors proposes to authorize relevant matters at the shareholders' meeting, with the purchase amount not exceeding 30% of the company's most recent audited total assets or 100% of net assets. The authorization period is 12 months, and if the bidding results are confirmed, the authorization validity will be extended until the mining rights registration is completed. The company intends to apply for financing of no more than 2 billion yuan from financial institutions, with funding sources being self-owned funds or self-raised funds"
datetime: "2025-05-19T09:29:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240802940.md)
  - [en](https://longbridge.com/en/news/240802940.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240802940.md)
generator: "portal-rs"
---

# Sino Prima Gas plans to purchase bauxite resources through market-oriented methods

According to the Zhitong Finance APP, Sino Prima Gas (300483.SZ) announced that the company intends to purchase bauxite resources through market-oriented methods. The board of directors has proposed to the shareholders' meeting to authorize the board of directors and the company's management to handle relevant matters specifically, with the purchase amount not exceeding 30% of the company's most recent audited total assets or 100% of net assets within 12 consecutive months. The authorization period is valid for 12 months from the date of approval by the shareholders' meeting. If the company has determined the bidding results during this period, the validity period of this authorization will be automatically extended until the mining rights registration is completed.

The tenth meeting of the sixth board of directors approved the proposal to apply for financing from financial institutions for the purchase of bauxite resources through market-oriented methods. The funding source for the company's market-oriented purchase of bauxite resources will be the company's own funds or self-raised funds. To raise the transfer fee, the company intends to apply for financing from financial institutions totaling no more than 2 billion yuan, with specific financing amounts, terms, interest rates, loan conditions, guarantees, etc., to be determined through legal negotiations between the bank and the enterprise

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**