Wedoany.com Report on Jan 31st, On the evening of January 30th, Qinghai Salt Lake Industry Co., Ltd. of China (hereinafter referred to as "Salt Lake Stock") issued an announcement regarding the completion of the asset transfer for the cash acquisition of a 51% stake in Minmetals Salt Lake Co., Ltd. (hereinafter referred to as "Minmetals Salt Lake") and the associated transaction.
On the evening of December 30, 2025, Salt Lake Stock issued an announcement regarding the cash acquisition of a 51% stake in Minmetals Salt Lake and the associated transaction. According to the announcement, Salt Lake Stock intended to acquire the 51% stake in Minmetals Salt Lake held by its controlling shareholder, China Salt Lake Industry Group Co., Ltd. (hereinafter referred to as "China Salt Lake"), by means of cash payment.
According to the announcement released by Salt Lake Stock, as of the announcement date, the industrial and commercial registration procedures for the transfer of the 51% stake in Minmetals Salt Lake to Salt Lake Stock have been completed. This transaction has concluded the asset transfer, making Minmetals Salt Lake a controlled subsidiary of Salt Lake Stock and bringing it within the scope of the company's consolidated financial statements. Simultaneously, Salt Lake Stock has paid China Salt Lake approximately 4.6 billion yuan for this transaction, as stipulated in the "Equity Transfer Agreement".
