Gelonghui June 20 Northern Rare Earth (600111. SH), It is proposed to invest 21.3749 million yuan of its own capital to acquire 18.84% of the equity held by Li Xin and Wang Guicai, shareholders of Baotou Zhongxin Antai Magnetic Industry Co., Ltd. Li Xin and Wang Guicai, shareholders of ZXLH Antai, gave up this capital increase. After the integration of ZXLH Antai, the company will hold 40% of its equity, which is its largest shareholder and controlling shareholder, and will be included in the company's consolidated statements; Zhongxin Antai will be renamed as North Zhongxin Magnetic Industry Co., Ltd.
The company's integration of ZXLH Antai can increase the company's rare earth praseodymium neodymium and lanthanum cerium metal production capacity, which is conducive to giving play to the resource advantages to promote the high-quality utilization of the company's rare earth products, complementing advantages to strengthen and expand the company's rare earth metal industry, optimizing the company's rare earth metal product structure, improving product market share, and strengthening the company's competitive advantage and resource control in the rare earth raw material industry, Promote the coordinated development of upstream and downstream industries, improve the value creation ability of the company's industrial chain, and provide assistance for promoting the construction of "two rare earth bases" and creating world-class rare earth leading enterprises. After integration, ZXLH Antai will become a holding subsidiary of the company and be included in the company's consolidated statements.
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