On the evening of November 27th, Yuntianhua and Duofuduo jointly issued an announcement that the two companies will jointly invest in the establishment of Yunnan Fluorophosphorus Electronic Technology Co., Ltd.
The equity ratio of the joint venture company is 51% for polyfluoride, 49% for Yuntianhua, and 300 million yuan of registered capital. The two parties will use monetary capital to contribute. Polyfluoride will invest 153 million yuan and Yuntianhua will invest 147 million yuan.
The joint venture company will construct related projects in Caopu Industrial Park in Anning, Yunnan, and plans to complete the construction within two years after the establishment of the joint venture company. The project content mainly includes:
Project Description
1. 2×15,000 tons/year anhydrous hydrofluoric acid (intermediate product) co-production of 15,000 tons/year high-quality white carbon black
2. 5,000 tons/year of lithium hexafluorophosphate;
3. 20,000 tons/year electronic grade hydrofluoric acid production equipment and supporting facilities;
The joint venture company will acquire the proprietary technology of the by-product white carbon black, electronic grade hydrofluoric acid (including chip grade hydrofluoric acid), and lithium hexafluorophosphate, which are more fluorine-rich in the production of anhydrous hydrofluoric acid from fluorosilicic acid at a price of 60 million yuan. .
About Dofluoro
Fluoride Chemical Co., Ltd. was established in December 1999. It is a high-tech enterprise dedicated to the research and development, production and sales of high-performance inorganic fluorides, electronic chemicals, lithium-ion battery materials, and new energy vehicles. The industry's first listed company.
In 2019, Fluoride has total assets of more than 9 billion yuan, net assets of about 2.91 billion yuan, and operating income of nearly 3.89 billion yuan.
About Yuntianhua
Yuntianhua Group Co., Ltd. is a state-owned comprehensive industrial group with diversified business sectors such as chemical fertilizers, modern agriculture, and new glass fiber materials, petrochemicals, phosphate mining and phosphorus chemicals, commerce and manufacturing services, and industrial finance.
After more than 40 years of development, Yuntianhua Group has total assets of over 100 billion yuan, annual operating income of over 60 billion yuan, and annual taxes and fees of more than 2 billion yuan. In 2019, Yuntianhua Group ranked 283th among the top 500 Chinese companies and 126th among the top 500 Chinese manufacturing companies.
In 2019, Yunnan Yuntianhua Co., Ltd., the subject of this transaction, has total assets of approximately 60 billion yuan and realized operating income of nearly 54 billion yuan.
Source: Mobile Public Account
