Stock Code: 837 358 securities referred to: Department of lithium content owners do broker: State Securities
Jiangsu Rong Li Industrial Co., Ltd. General Meeting
on the termination of a major asset reorganization description
of the company and all members of the Board of Directors of the contents of this announcement true, accurate and complete, not false, misleading statements or material omissions, and accept joint and several liability for the authenticity, accuracy and completeness of the contents.
First, the basic situation of this major asset reorganization of
Jiangsu Rong Department of General Lithium Industry Co., Ltd. (hereinafter referred to as the "Company") is planning major issues, because there are still uncertainties related matters, to safeguard the interests of investors, ensure fair disclosure, to avoid abnormal fluctuations in stock prices, in accordance with the relevant provisions of the "national SME share transfer system business rules" and other companies in the country SME share transfer system Co., Ltd. designated information disclosure website published June 29, 2016 "Jiangsu Rong Department of General lithium industry Co., Ltd. suspension notice major issues" (bulletin No.:
2016-014). Company stock in 2016. 6 Yue 30 Ri (Xingqi Si) opening from the suspension of transfers. The company disclosed the "progress on major issues notice" (Bulletin No. 2016-015) on July 5, 2016. The company disclosed the "progress on major issues notice" (Bulletin No. 2016-021) on August 30, 2016.
Second, the termination of this major asset reorganization of reason
since the company suspended the transfer of shares, the company and related parties to actively promote this
Announcement Number: 2016-023
work on major issues. The major issues are summarized as follows:
Company and the Australian Stock Exchange (ASX) listed companies in the Pilbara
Minerals Limited's (stock abbreviation: PLS, hereinafter referred to as "PLS") signed
the Department of the relevant agreements, intended to be self-financing of about 17.76 million Australian dollars (about not Renmin Chaoguo
Bi 9000 million) to subscribe for the new PLS shares, the subscription price per share of 0.5
Australian dollars, the number of shares to subscribe for 3550 shares, accounting for stock issuance PLS
3% of the total share capital after. In addition, the two sides also discussed the company's future procurement PLS's lithium
concentrate signed a purchase agreement, and the two sides established a joint venture of lithium ore processing plants in Australia and China outside of third place regarding the preliminary agreement. The subscription amount due over a year after the company recently audited net assets of 50% and more than 30% of the recent one year, the audited total assets constitute a major asset purchases.
Is due to the relevant conditions of the transaction have not yet been reached, and the time's ability to achieve such conditions can not be determined, so that the company is currently promoting restructuring conditions are not ripe, after careful consideration, in order to safeguard the interests of investors, the company decided to terminate planning of this major asset reorganization, further deliberations when the relevant conditions to be fully met.
Third, the termination of this major asset restructuring decision-making process
the Company held the first session of the 10th meeting of the Board September 13, 2016, considered and adopted the "on the termination of a major asset reorganization and transfer of stock recovery bill," the company decided to terminate planning of this major asset reorganization, and to the National SME share transfer system in accordance with the relevant provisions of the proposed stock transfer application recovery.
Announcement Number: 2016-023
Fourth, the major asset reorganization on the company's termination
of this major asset restructuring plan termination matters, will not adversely affect the company's normal production and operation, will not affect the company's future strategic planning established.
According to the relevant provisions of the National SME share transfer system, the company's shares will resume the transfer of the near future. The Board of Directors for the inconvenience due to the termination of this asset reorganization plan to the majority of investors due to apologize, and the majority of investors have long expressed gratitude to the company's attention and support.
Special announcement.
Jiangsu Rong Li Industrial Co., Ltd. General Meeting
of the Board
September 13, 2016
PLS Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
(20min delay)