Thanks, Translation below. Not sure if this is new information though?
Jiangsu Baichuan Gaoke New Material Co., Ltd.
About Signing "Contracted Trading Terms" with Australian MTC Corporation
Announcement of progress
The company, its directors, supervisors and senior management personnel ensure the truthfulness of the contents of the announcement.
Accurate and complete, there are no false records, misleading statements or major omissions in the announcement.
I. Overview of transactions
Jiangsu Baichuan Gaoke New Materials Co., Ltd. (hereinafter referred to as "the company") on February 5, 2018
The 23rd meeting of the 4th Board of Directors was convened. The meeting reviewed and approved the “About the company’s proposed acquisition of Australasia.
A Motion of Newly Issued Shares of Metals Tech Limited, a company listed on the Asia Securities Exchange. 2018 2
On the 28th of the month, the company’s second extraordinary general meeting of 2018 convened the above motion and agreed to Purchase of Metals Tech Limited, a company listed on the Australian Stock Exchange (hereinafter referred to as "MTC"). The 10 million shares of the Bank are subject to a subscription price of A$0.18 per share and a total subscription amount of A$1.8 million.
It is funded by Nantong Baichuan New Material Co., Ltd., a wholly-owned subsidiary of the company, and wholly-owned subsidiary Sun Chuan Chemical (Hong Kong) International Trade Co., Ltd. (hereinafter referred to as "Baichuan Hong Kong") as a subscriber to the specific implementation of the above subscription behavior.
For details, please refer to the disclosure of the company in the "Chuchao Information Network" (http://www.cninfo.com.cn), "Securities "Times" and "China Securities Journal" related announcements.
Recently, Baichuan Hong Kong as the main buyer and MTC signed the "Restrictive Trading Clause" agreement, the agreement
The detailed contents of the paragraph are disclosed in the "Chuchao Information Network" (http://www.cninfo.com.cn),
Securities Times and China Securities Journal issued related announcements. Currently, it takes a certain period of time for the follow-up procedures such as foreign exchange exit, according to the current actual progress. In addition, the deadline for payment was extended to March 31, 2018, as agreed by both parties. Special announcement.
Jiangsu Baichuan Gaoke New Materials Co., Ltd. Board of Directors
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