Ouye Lianjin Renewable Resources Co., Ltd. announced that it has received CNY 1.54464 billion in funding from China Baowu Steel Group Corporation Limited, Tongling Nonferrous Metals Group Co.,Ltd., ICBC Financial Asset Investment Co., Ltd., Ansteel Group Corporation Limited, Shanxi Taigang Venture Capital Co., Ltd., Jiangdong Holding Group Co.,Ltd
October 14, 2021
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On October 15, 2021, Ouye Lianjin Renewable Resources Co., Ltd. closed the transaction. The transaction included participation from ICBC Financial Asset Investment Co., Ltd. for CNY 299,999,999 and 8.95% stake, Ansteel Group Corporation Limited for CNY 49,999,999 and 1.49% stake, Shanxi Taigang Venture Capital Co., Ltd. for CNY 49,999,999 and 1.49% stake, Jiangdong Holding Group Co.,Ltd for CNY 99,999,999 and 2.98% stake, Ouyeel Cloud Commerce Co., Ltd. for CNY 99,999,999 and 2.98% stake, Hefei Xingbang Advanced Manufacturing Equity Investment Partnership (Limited Partnership) for CNY 49,999,999 and 1.49% stake and Anhui Cornerstone Intelligent Manufacturing Phase III Fund Partnership (Limited Partnership) for CNY 199,640,000 and 5.95%. The company has received CNY 1,544,640,000 in the transaction. The company moved CNY 839,478,300 in the registered capital of the company and CNY 70,5161,700.00 included in the capital reserve. The company registered capital increased from CNY 983,216,000 to CNY 1,822,694,700.
Tongling Nonferrous Metals Group Co., Ltd. specializes in the production and transformation of non-ferrous metals. The products include copper cathode, bands, stems and copper anodes, gold and silver ingots, etc. Besides, the group manufactures chemical products (sulfuric acid, vitriol, silver nitrate, propylene glycol, etc.).
Ouye Lianjin Renewable Resources Co., Ltd. announced that it has received CNY 1.54464 billion in funding from China Baowu Steel Group Corporation Limited, Tongling Nonferrous Metals Group Co.,Ltd., ICBC Financial Asset Investment Co., Ltd., Ansteel Group Corporation Limited, Shanxi Taigang Venture Capital Co., Ltd., Jiangdong Holding Group Co.,Ltd