Antai Technology Cash acquires more than 50% stake in Aike Technology to expand and strengthen rare Earth permanent Magnet Industry

SMM, Sept. 3: recently, Antai Technology Co., Ltd. announced that the company has its own capital of 178.9575 million yuan through the transfer of equity and capital increase, the acquisition of Aike Technology 50.26% of the shares, including the acquisition of equity consideration of 78.9575 million yuan, cash capital increase of 100 million yuan. After the completion of the acquisition, Aike Technology will change its name to "Antai Aike" and will become a holding subsidiary of listed companies.

Data show that Aike Technology was established in April 2011, the main business is ND-Fe-B magnetic materials research and development, technology transfer, production and sales. After years of development, Aike Science and Technology has a complete ND-Fe-B blank production line and management system, advanced production equipment, first-class field management, to achieve 2000t/a blank production capacity, finished product production capacity is improving, its existing electroplating and water treatment capacity fully meet the capacity to expand to 3000t/a blank.

At present, Antai Technology is one of the world's well-known suppliers of ND-Fe-B permanent magnet materials, but limited by the industrial scale, it is difficult to meet the needs of the rapid development of the market and support the strategic development of the company. After the completion of the acquisition, the rare earth permanent magnet industry of Antai Technology will reach the production capacity of 5500t/a blank. For this acquisition, Antai Technology said that Aike Technology and the company have a high degree of strategic and business consistency and cooperation, Aike Technology has been one of the company's magnetic materials business important partners, very in line with the company's product positioning, market positioning and development direction; Moreover, Aike's unique blank production technology will also enrich the diversity of ND-Fe-B technology in Antai science and technology, and further consolidate the technological leading position of listed companies in the industry.

Antai Technology said that after the completion of the acquisition, the rare earth permanent magnet industry of Antai Technology has reached the production capacity of 5500t/a blanks, laying the foundation for the establishment of a 10,000-ton high-end rare earth permanent magnet industry, and has taken a key step towards achieving the strategic goal of the world's first-class rare earth permanent magnet suppliers.

[focus] 2019 China rare Earth permanent Magnet Industry Market Application Development Forum

The trade war between China and the United States has made rare earths become the focus of global attention. China has the largest rare earth industry resources and export dominance in the world, and the world is highly dependent on China's rare earths, especially the United States. How will China make good use of the development advantages of the rare earth industry in the future? how to improve the development of the industry, monitor and crack down on black rare earths in order to standardize the ecological environment of the industry, and whether the rare earth industry has become a rising star after it has been put forward for strategic development? Whether the rare earth enterprise ushered in the tuyere? How will the price of rare earths go? At the 2019 China rare Earth permanent Magnet Industry Market Application Development Forum, SMM will invite industry experts and enterprise bigwigs to interpret the market focus topics for everyone, and provide technical professional guidance for the high-quality development of enterprises, so as to help enterprises have more advantages in the fierce competition. Welcome to the summit, together with the industry!

"Click to sign up for this summit

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business