Zhitong Finance App News, Xuetian Salt Industry (600929.SH) announced that the company plans to purchase 100% of the shares of Hebei Kuntian Renewable Energy Co., Ltd. (“Hebei Kuntian”) held by 54 counterparties, including Song Zhitao and Liu Gejun, by issuing shares and raising supporting capital by issuing shares to no more than 35 eligible specific investors, including Hunan Salt Industry Group Co., Ltd. The issue price for issuing shares to purchase assets is 4.70 yuan/share.
According to reports, the target company was founded in May 2018. At the beginning of its establishment, it was mainly engaged in graphitization processing of lithium battery anode materials, and now has three integrated production bases in Hebei, Sichuan and Yunnan. After years of development, the target company has grown from a graphitization foundry to a leading manufacturer of lithium ion battery anode materials integrating processes such as anode precursor crushing, granulation, molding, purification, and finished products, and continues to focus on R&D, production and sales of artificial graphite anode materials, silicon-based anode materials, and hard carbon anode materials for energy storage. The product terminal application fields cover power batteries, energy storage batteries, consumer batteries, etc.
After the transaction is completed, the company will enter the lithium battery anode field, consolidate the second growth curve, accelerate the transformation to new quality productivity, create new profit growth points, and further enhance the company's sustainable profitability. At the same time, the company can diversify operating risks, reduce dependence on a single business or market, and help improve the level of steady operation.