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Adjust The Form Of Investment &Nbsp; Tibet Development Curve Won The Rare Earth Mining Rights.

2011/6/8 9:02:00 33

Adjustment Of Tibet Development Curve Rare Earth Mining Rights

The pfer of rare earth mining rights is ingenious, and investors in Tibet's development (000752) can breathe a sigh of relief.


The company announced today that, in view of the company's contribution of 200 million yuan to participate in the establishment of "Dechang thick rare earth Mining Co., Ltd.", and others

Contributive party

Xichang Zhi Neng Industrial Co., Ltd. plans to invest in the mining warrants can not be pferred. In order to speed up the progress of the project, the parties decided to directly invest 78.08% of the shares held by Xichang Zhi Neng to invest in the new company, and the original investment proportion remained unchanged.


At the same time, the 21.92% stake in Xichang's energy will be acquired in cash by the new company. After the acquisition is completed, Xichang's ambition will become.

Thick earth rare earth

Wholly owned subsidiary.

This also means that Xichang's rare earth mining rights will not be directly incorporated into the new company through examination and approval.


Statistics show that in March 12th of this year, Tibet development disclosed that it will work with Xichang Zhi Neng and Dechang Zhi Neng rare earth Co., Ltd. to invest in the establishment of thick earth rare earth.

Among them, Tibet development and Dechang Zhi energy were funded by cash 200 million yuan and 50 million yuan respectively, accounting for 26.67% and 6.66% respectively, while Xichang Zhi Neng invested 66.67% yuan in the value of mining rights in the "Dechang continental trough rare earth mine" owned by Dechang.


After the incorporation of thick earth rare earth

Mining license

The pfer began to apply to the relevant departments, but up to now, it is still unable to complete, which also worried the market once for the future of the project.


It is understood that the main assets of Xichang Zhi Neng are "Dechang continental trough rare earth mine" mining rights, the latest assessment value is 640 million yuan, and its 78.08% stake is corresponding to 500 million yuan.

At present, the shareholders of the company are Liu Guohui, Ma Keqin and Chengdu Guangdi Green Engineering Development Co., Ltd.


Tibet development said that according to the consultation, Xichang Zhi can pfer the 500 million yuan contribution rights to the new three shareholders respectively.

After the pfer, Tibet development and Dechang Zhi Zhi's share in the new company remained unchanged. Liu Guohui held 18.34%, Ma Keqin held 23.33%, and Chengdu Guangdi Green Engineering Development Co., Ltd. held 25%.


 
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