Thursday, October 27, 2016 6:03:48 AM
ENGLISH
Liquid Technology Co., Ltd. (Liquid Metal Co., Ltd.) controlled by Mr. Li Yang De, the actual controller of the Company, and Liquidmetal Technologies, Inc. (hereinafter referred to as the "Liquid Metal Company" LQMT "), the two parties agreed that Liquid Metal Co., Ltd. was 18% owned by LQMT, the largest shareholder of LQMT, and Mr. Li Yangde was the director of LQMT, and further increased to 46% in the future. For details, On March 14 in the China Securities Regulatory Commission designated the disclosure of information on the GEM website related bulletins.
Recently, the company received the actual control of Mr. Li Yangde control of Liquid Metal Co., Ltd. informed that it signed under the LQMT equity subscription agreement has been completed on the LQMT 55 million US dollars capital increase. Upon completion of the capital increase, Liquid Metal Co., Ltd. completed its investment in LQMT totaling US $ 63.4 million and appointed Mr. Li Yangde as Chairman of LQMT and two directors appointed by Liquid Metal Company to the LQMT Board of Directors.
Yian Technology is engaged in research and development of new materials, including amorphous alloys and degradable magnesium alloy implants. Yian Technology has the world's largest production line of zirconium-based amorphous alloy, from the refining of materials, mold manufacturing, precision machining, surface treatment and production of amorphous alloy equipment manufacturing capacity. LQMT is a global leader in the development of amorphous alloys.
Through the liquid metal Co., Ltd. has completed its investment in LQMT to further strengthen the Yian technology on the production capacity of amorphous materials and LQMT research and sales channels, can be involved, including auto parts manufacturing, sporting goods, medical equipment And industrial customers to provide a broad market opportunities, is conducive to play to their respective advantages, to speed up the market for the development of core products, to build a "liquid metal" alloy of the global market.
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