Yutong Technology plans to spend 100 million to 200 million yuan to repurchase shares
Yutong Technology announced that the company plans to repurchase the company's shares at a price of no more than 41.19 yuan/share, with a repurchase amount of not less than 10 million yuan and no more than 20 million yuan. All of the shares repurchased will be used for employee stock ownership plans or equity incentive plans.
Angel Yeast plans to establish a joint venture with Neubao Foods to develop the baby snack food business
Angel Yeast announced that in order to promote the rapid development of the baby snack food business segment of its wholly-owned subsidiary, Angeliute plans to establish a joint venture with Kang Helong, Hubei Neubao Food Technology Co., Ltd. (subject to commercial registration). Among them, Angel News holds 70% of the shares and Kanghelong holds 30% of the shares. The joint venture will seek new opportunities for development in the field of infant snack food as a holding subsidiary specializing in the development of products related to the snack food industry by Angel Newt.
Chuanheng Co., Ltd. plans to build an “integrated mineralization” new energy materials recycling industry project with a total investment of 10 billion yuan
Chuanheng Co., Ltd. announced that it plans to sign an “Investment Project Cooperation Agreement” with the Fuquan Municipal People's Government. Based on Fuquan City's comprehensive advantages in phosphorus resources, location, policies, etc., the company plans to invest in the construction of an “integrated mineralization” new energy materials recycling industry project in Fuquan City. The total investment of the project is estimated at 10 billion yuan, of which 4.5 billion yuan will be invested in the first phase and 5.5 billion yuan in the second phase.
Changyang Technology plans to invest in an optical grade polyester base film project and a lithium-ion battery separator project
Changyang Technology announced that the company plans to invest in an optical grade polyester substrate project with an annual output of 80,000 tons through its wholly-owned subsidiary Hefei Changyang New Material Technology Co., Ltd., with a total investment of 1224.48 million yuan. The main application directions of the project products are optical grade polyester base films such as polarizer release films and protective films, MLCC (multilayer ceramic capacitor) release films, and novel pre-coating films for displays.
The company announced on the same day that it plans to invest 591.36 million yuan to build a 560 million square meter lithium-ion battery separator project with an annual output of 560 million square meters through its wholly-owned subsidiary Hefei Changyang New Energy Technology Co., Ltd. This project produces power battery separator products, which are mainly used in fields such as new energy vehicles and energy storage.
China Southern Huitong plans to raise capital of no more than 408 million yuan
Southern Huitong disclosed plans for a non-public offering of shares. The target of this issuance is CRRC Industrial Investment, the controlling shareholder of the company, and Longyuan Environmental Protection, a strategic investor. The issuance price is 8.15 yuan/share, and the total capital raised is no more than 407.50 million yuan. The net amount raised after deducting the issuance fee will be used for the Chaven Industrial Park Phase III project, repayment of the company's debt, and supplementary working capital.
Yan'an Bikang subsidiary signs long-term strategic cooperation agreement with Enke Battery
Yan'an Bikang announced that the company's holding subsidiary Jiangsu Jiujiujiu Technology Co., Ltd. signed a “Long-term Strategic Cooperation Agreement” with Huzhou Kunlun Yienke Battery Materials Co., Ltd. on September 15, 2021. According to the agreement, the two parties negotiated to determine the supply and purchase volume of lithium hexafluorophosphate products. Jiujiujiu Technology promises: on the premise that the product meets the technical requirements of the product and the price is competitive, the supply will not be less than 720 tons in 2022; the supply will not be less than 3,600 tons in 2023; the supply will not be less than 6,000 tons in 2024; and the supply will not be less than 6,000 tons in 2025. Yienke Battery promises to purchase sufficient quantities of Jiujiujiu Technology products according to the quantity that can be supplied by Jiujiujiu Technology on the premise that the products meet the technical requirements of the product and that the price is competitive in the market. The actual supply volume and actual purchase volume are based on monthly orders sealed and confirmed by both parties.