Jinli permanent magnet: 51%equity of Yinhai New Materials to be acquired

On July 6, Capital State learned that the A -share company Jinlong Magnet (300748.SZ) announced that it is planned to acquire 51%of the total Yinhai new materials held by the other party. At 20.4%of the equity, it is planned to acquire 20.4%of the shares of Yinhai New Materials held by Haihu, and it is planned to acquire 10.2%equity of Yinhai New Materials held by the martial arts. After the transaction is completed, Yinhai New Materials will become the company's holding subsidiary.

According to public information, Yinhai New Materials is a comprehensive recycling of waste materials such as rare earth polishing powder and magnetic materials. It mainly uses waste materials such as rare earth polishing powder and magnetic materials as production raw materials to extract rare earth elements.

Yinhai new materials include rare earth oxides such as oxidation, oxidation, oxidation, and oxide. According to the approval of relevant competent authorities in the Inner Mongolia Autonomous Region, Yinhai New Materials has built the production capacity of a comprehensive utilization of rare earth product waste comprehensive use of 5,000 tons of multi -soil compound products.

Jinli Yong Magnet said that this acquisition helps the company for the extraction and recycling of the rare earth elements generated by the magnetic mud waste generated in the production process of ravioli boron permanent magnet materials, and the scrap iron boron rare earth permanent magnet material collected by the customer. Save rare earth resources and meet the needs of customers to recycle rare earth raw materials.

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