Tianqi Automation Invests 70 Million Yuan in Lithium Battery Recycling Subsidiary via Capital Increase

Published: May 25, 2025 23:01

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[70 million yuan investment in lithium battery recycling] On May 17, Tianqi Automation Engineering Co., Ltd. issued an announcement regarding the capital increase and share expansion of its wholly-owned subsidiary and the introduction of investors. Due to operational and developmental needs, Jiangxi Miracle Golden Tiger Cobalt Co., Ltd., a wholly-owned subsidiary of Tianqi Automation Engineering Co., Ltd., plans to introduce Qingdao Huatie Xinneng Venture Capital Fund Partnership Enterprise as an investor through capital increase and share expansion. Qingdao Huatie Fund intends to subscribe to a 2.8% stake in Jiangxi Miracle Golden Tiger Cobalt for a consideration of 70 million yuan, with 3.6008 million yuan to be credited to the newly increased registered capital and the remaining 66.399176 million yuan to be credited to the capital reserve.

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