BYD teamed up with private-equity bosses to invest in Zabuye lithium

September 17, the Tibetan Mining (000762.SZ) foreign official announced that its holding subsidiary Zabuye Lithium Technology Co., Ltd. (hereinafter referred to as "Zabuye Lithium") 22% equity, to 246 million yuan to transfer to the company, including BYD, Tibet Jin Hao Investment Co., Ltd. (hereinafter referred to as Tibet Jin Hao) joint assignee.　　BYD, with 18% per cent of the stake, became an absolute winner of the war, while the Tibetan Jin Hao with a VC role and the rest of the 4%.　　The transfer of equity listing is a tailor-made for BYD and its joint transferee. The listing bulletin shows that the strategic investor shall have a strong competitive advantage and financial strength in the lithium battery or related battery material industry, and its net assets should be no less than RMB 2 billion; other licensee shall be a manufacturer of lithium-related products or an investment institution with deep understanding and investment experience in lithium industry,　　Its net assets should be no less than 50 million yuan; the strategic investors who make up the joint assignee must not have a relationship with the Tibetan mining industry, nor should there be any relationship between the strategic investors who make up the joint assignee, and the single strategic Investor's share of the total share capital of Zabuye Lithium Company shall not exceed 18% (including 18%).　　And eventually BYD was let 18%, and Tibet Jin Hao 4% and the income of the qualifications is clearly consistent with the foregoing conditions. It is worth mentioning that Tibet Jin Hao Investment Co., Ltd. was founded in 2009, registered capital of 68 million yuan, engaged in mining investment and mining technology research and development business.　　The actual control of Jin Hao in Tibet is Guangzhou Chang Jin Investment Management Co., Ltd. Industry insiders say the latter's helm is the capital market's private equity fund big Cheng.　　And in 2003 to 2007, Zheng had through the deep excavation suning appliance (002024.SH), Guizhou Maotai (600519.SH) and other shares, to obtain high profits, it is also a medium-sized board listed company intellectual Light Appliances (002169) the actual control person. "It's not surprising to be with BYD. "In this regard, a local brokerage in Chengdu believes that Zheng walked is Buffett's" value investment "route.　　And BYD is Buffett's biggest investment in China, holding the latter 10% of the stake, the largest foreign shareholder. It is reported that at the end of September 2008, Mr. Buffett announced that its China-US energy holding company, with a share of HK $8 for 10% of BYD's shares, about 225 million shares, the total deal amounted to HK $1.8 billion. The market value of the investment increased to HK $12.15 billion in August 2009.　　But despite a succession of declines in shares in BYD, Buffett's investment is still about HK $9 billion. It goes without saying that this time take Zabuye lithium industry partial mine right, Buffett realizes curve to meddle in lithium mine, holding hand Tibet mining, get through BYD's lithium industry chain.　　According to the foregoing Personage said, after this transfer, the Zabuye lithium industry or will carry on the capital increase, thus, its value also will in Buffett's swing under gradually manifests. Hit 44 dollars on September 17On September 20, Tibet's mining industry closed at 35.98 Yuan, down 6.74%.