China Salt Chemical plans to increase its investment in China Salt Alkali Industry by no more than 4.88 billion yuan and introduce strategic investments of no more than 3.92 billion yuan
China Salt Chemical plans to increase its investment in China Salt Alkali Industry by no more than 4.88 billion yuan to support the funding needs of its natural soda project and introduce strategic investors of no more than 3.92 billion yuan. After the capital increase, the registered capital of China Salt Alkali Industry will rise to 8 billion yuan. SDHH and Mengyan Group have agreed to increase their investments, not exceeding 2.32 billion yuan and 800 million yuan, respectively, while other investors will be determined when listed on the property exchange. This move will optimize the capital structure of China Salt Alkali Industry, reduce financial costs, and diversify investment risks
According to the Zhitong Finance APP, China Salt Chemical (600328.SH) announced that the company plans to invest in China Salt Soda Industry, increasing its registered capital to 8 billion yuan to ensure the funding needs for the development and construction of the natural soda project. The company intends to take advantage of this opportunity to increase the registered capital of China Salt Soda Industry by introducing strategic investors, with a planned funding scale not exceeding 3.92 billion yuan. The amount of the capital increase by China Salt Chemical will not exceed 4.88 billion yuan, and the actual amount will be determined after the introduction of strategic investors.
After negotiation, Shandong Haihua Co., Ltd. (referred to as "Shandong Haihua") and Inner Mongolia Mengyan Salt Industry Group Co., Ltd. (referred to as "Mengyan Group") agreed to increase their capital in China Salt Soda Industry and have signed a letter of intent for a "Joint Venture Agreement," stipulating that Shandong Haihua's capital increase will not exceed 2.32 billion yuan, and Mengyan Group's capital increase will not exceed 800 million yuan. Other investors will be determined when listed on the property exchange.
The announcement stated that the proposed strategic investors, Shandong Haihua and Mengyan Group, have been deeply engaged in the fields of soda ash and salt product processing for many years, are highly related to the business of China Salt Soda Industry, have financial strength, and possess a good foundation for strategic cooperation; the capital increase will reduce the company's financial costs, optimize the capital structure of China Salt Soda Industry, diversify investment risks, and ensure the rapid construction and production effectiveness of its natural soda resource development project
