Every news,On June 23, Bettary announced that its wholly-owned subsidiary Bettary (Hong Kong) New Materials Co., Ltd. (hereinafter referred to as Hong Kong Bettary) intends to sign an agreement with STELLAR INVESTMENT PTE. 10,000 tons of new energy lithium battery anode material integration project joint venture agreement, the two parties plan to invest in Indonesia through the establishment of a joint venture company, Indonesia Beterui New Energy Materials Co., Ltd. ”, the total investment of the project is about 478 million US dollars.
The authorized capital at the time of the establishment of the joint venture company was US$1 million, of which Hong Kong Betterray subscribed for US$600,000, accounting for 60% of the total share capital of the joint venture; STELLAR subscribed for US$400,000, accounting for 40% of the total share capital of the joint venture. . After the approval and filing procedures for overseas investment of the cooperation project in China are completed, Hong Kong Betterray and STELLAR will gradually increase the authorized capital of the joint venture company according to the progress of the capital demand of the cooperation project, and will use the authorized capital of the joint venture company before the cooperation project is put into operation. Increase to 35% of the total project investment and complete the paid-in of all authorized capital. The 52nd meeting of the 5th board of directors of the company reviewed and approved the “Proposal on the Cooperation and Construction of an Integrated Project of Anode Materials with an Annual Output of 80,000 tons in Indonesia”, and this transaction does not need to be submitted to the general meeting of shareholders for deliberation.
(Reporter Tang Hui)
Disclaimer: The content and data in this article are for reference only and do not constitute investment advice. Please verify before use. Do so at your own risk.
Copyright Notice
1This article is an original work of “Daily Economic News”.
2
Without the authorization of “Daily Economic News”, it may not be used in any way, including but not limited to reprinting, excerpting, copying or creating mirror images, etc. Violators will be held accountable.
3Copyright cooperation telephone: 021-60900099.