ZANGGE MINING's wholly-owned subsidiary plans to participate in the subscription of Jiangsu Cangqing Fund's expanded shares for no more than 659 million yuan
ZANGGE MINING's wholly-owned subsidiary ZANGGE MINING Investment (Chengdu) Co., Ltd. plans to participate in the subscription of Jiangsu Cangqing Fund's expanded shares, with an amount not exceeding 659 million yuan, funded by its own capital. This subscription aims to safeguard the value of the company's previous investments, achieve overall investment returns, and enhance the company's sustainable development capabilities and competitiveness in the lithium extraction field from salt lakes
According to the Zhitong Finance APP, ZANGGE MINING (000408.SZ) announced that its wholly-owned subsidiary ZANGGE MINING INVESTMENT (Chengdu) Co., Ltd. (referred to as "ZANGGE MINING INVESTMENT") plans to participate in the subscription of the expanded shares of Jiangsu Zangqing Fund, with a subscription amount not exceeding 659 million yuan, funded by its own capital.
The announcement stated that this additional subscription of the expanded shares of Jiangsu Zangqing Fund will help ensure the realization of the company's previous investment value, enhance overall investment returns, and support the cultivation and development of operational projects by introducing multiple sources of funding, further strengthening the company's sustainable development capabilities and comprehensive competitiveness in the lithium extraction field from salt lakes
