Liquidmetal Technologies Inc (LQMT)

[PayMEmf]

To add to this...

Yi'an Technology has invested 430 million yuan in state-owned enterprises to raise investment in die casting and liquid metal projects
Die Casting Weekly 03-08 07:01
small
standard
large
extra large
shut down
Die Casting Weekly (Dongguan, March 8, 2018) Recently, Dongguan Yi'an Technology Co., Ltd. ("Yi'an Technology"), a well-known domestic die-casting processing manufacturer and listed company of Shenzhen Stock Exchange, announced that the company has completed non-public offering of shares. Raised funds of 430 million yuan. The shares will be subscribed by Hunan Zhuzhou State-owned Assets Investment Holding Group Co., Ltd. ("Zhuzhou Guotou Holding Group"). Upon completion of the issuance, it will become the second largest shareholder of Yi'an Technology. The investor is affiliated to the Zhuzhou State-owned Assets Supervision and Administration Commission.

 
Dongguan Yi'an Technology Co., Ltd.

According to the announcement issued by Yi'an Technology, the RMB 430 million fund raised this time will be invested in the Yi'an Yunhai Light Alloy Precision Die Casting Production Base Project and the amorphous alloy (liquid metal) precision structural parts industrialization expansion project and amorphous alloy. R&D center construction project. Yi'an Technology said that the above projects will effectively reduce material costs, expand and optimize product lines, and be close to high-quality target customers, further enhancing the company's research and development capabilities and comprehensive strength.

According to the data, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd. is a 100% holding subsidiary of Zhuzhou City State-owned Assets Supervision and Administration Commission, established in 1998. In 2009, it was incorporated into Zhuzhou SDIC Holding Group and was incorporated in 2010. After the completion of the transaction, Zhuzhou SDIC Holding Group will hold 10.86% of Yi'an Technology and become the second largest shareholder of Yi'an Technology.

It is understood that Zhuzhou SDIC Holdings Group has all subscribed for shares issued by Yi'an Technology this time, mainly focusing on the important role of Yi'an Technology in the liquid metal industry for the lightweight industry. Zhuzhou Guotou has a number of high-end industries in aerospace, metal smelting, automobiles, engines, etc. Currently, it has a good cooperation direction with Yi'an Technology in automotive lightweight and liquid metal projects, which is in line with its investment direction.

 
Liquid metal die casting display

Founded in May 1993, Yi'an Technology is a high-tech enterprise integrating research, development, production and marketing of magnesium and aluminum light alloy materials. Its business includes liquid metal, biodegradable medical magnesium alloy and magnesium alloy automotive products. Three major sections. Products include consumer electronics, high-end LED curtain wall, medical equipment, auto parts, communication equipment, large structural parts. In 2017, the company achieved operating income of 811 million yuan, a year-on-year increase of 44.01%, and net profit of 32.761 million yuan, an increase of 6.76%.

More die casting news, please pay attention to the public number