Ganfeng Lithium also has a call option to subscribe for additional new shares in either FER or PT ATS upon conversion of the convertible bond; however, the aggregate equity interest in FER or PT ATS that Ganfeng Lithium acquires shall not exceed 50 per cent, subject to a final agreed valuation.
In addition, Ganfeng Lithium will enter into 10-year nickel-ore offtake contract with PT ATS for the supply, at market price, of at least a million tonnes per annum with an option to increase the volume by an additional 0.5 million tonnes per annum and extend the offtake contract for a further five years.
Silkroad Nickel in its bourse filing:"The group foresees many mutual benefits and synergistic opportunities from this partnership, and views it as a step forward in its vision towards becoming a vertically-integrated key nickel and cobalt supplier and processor to the EV industry." Hong Kah Ing, executive director and chief executive officer of Silkroad Nickel said:"We are pleased to announce and embark on this exclusive partnership with Ganfeng Lithium, a world leader in lithium-ion batteries and electric vehicles. As the demand for EV accelerates across the world, Indonesia has emerged as a key player in the global EV ecosystem and we are excited to be part of this exciting supply chain.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Two companies probed for alleged fraud over nickel investment schemeSingapore: The Commercial Affairs Department is investigating two companies for alleged fraud in a nickel investment scheme, said the police late ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
33-year-old man charged with cheating in nickel investment fraud involving S$1 billionSINGAPORE: The director of two companies at the centre of massive investment fraud allegations was charged in court on Monday (Mar 22) with two ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »