On the evening of June 2, capchem (300037.SZ) announced that Shenzhen capchem Technology Co., Ltd. (hereinafter referred to as "capchem") cooperated with BASF Investment Co., Ltd. and BASF ( China) Co., Ltd. reached an agreement on the main matters regarding the company's transfer of 100% equity of BASF Battery Materials (Suzhou) Co., Ltd. (hereinafter referred to as "BASF (Suzhou)").
The announcement shows that capchem acquired 100% equity of BASF (Suzhou) held by BASF with its own funds at a consideration of US $ 1 (about RMB 6.9); at the same time, the company should return BASF and its affiliates for BASF (Suzhou) The company's total debt of RMB 213,333,421 is guaranteed. BASF Battery Materials (Suzhou) Co., Ltd. has a registered capital of USD 10.736 million. Before the transaction, BASF Investment Co., Ltd. and BASF (China) Co., Ltd. held 90% and 10% of the shares respectively. After the transaction, BASF (Suzhou) is a wholly-owned subsidiary of New Zebang.
BASF is a global leader in oil and gas, chemicals, performance products and functional materials. The entire transfer and handover process will be completed in the next 60 to 90 days, depending on local laws and regulations.
capchem stated that the acquisition of BASF's China electrolyte business and Suzhou production base is intended to increase the company's electrolyte production capacity, expand the international influence of the electrolyte business, and consolidate the company's leading position in the global electrolyte field.
Qin Jiusan, Chairman of capchem, said: "The agreement with BASF is an important step for the company to become international. New Zebang is currently a leading brand in the Chinese electrolyte market. We hope to use the opportunity of cooperation with world-class companies to make the company To become an international leading brand in the field of electrolytes. "
It is understood that BASF has accumulated a number of patents in the lithium ion battery electrolyte. The acquisition of this equity, on the one hand, has inherited the development ideas of New Zeubon in technological innovation, and on the other hand, it is beneficial to integrate the company's lithium battery electrolyte business Technology resources to further enhance the company's core competitiveness in the new energy industry chain. BASF said that the strategic focus of the battery materials business will gradually shift to the field of high-energy cathode materials with a combination of high-tech intellectual property rights and technologies.
Lou Jianfeng, Global Senior Vice President of Battery Materials, BASF Catalysts Business Unit, said: "We will focus on the areas with the greatest growth potential and better serve our customers with high-quality products."