Baotou Zhongxin Antai Magnetic Industry Co., Ltd. announced that it will receive CNY 40,000,000 in an equity round of funding on June 20, 2024. The transaction include the participation from new investor China Northern Rare Earth (Group) High-Tech Co.,Ltd, hold 40% stake in the company.
The transaction has been approved in the 41st Meeting of the Company?s 8th Directorate and the 38th Meeting of the Company?s 8th Supervisory Board and does not need the Shareholders? Approval.