OM Holdings completes 60% stake sale in Qinzhou subsidiary

OM Holdings Limited (OMH) has successfully completed the settlement for the sale of a 60% equity interest in its wholly-owned subsidiary, OM Materials (Qinzhou) Co., Ltd. (OMQ), to Shaanxi Sinian Metal & Mining Co., Ltd. The agreement, originally announced on 27 August 2025, involved the transfer of the equity interest following the receipt of a RMB 108 million deposit.

OMH's subsidiary, OM Materials (S) Pte. Ltd. (OMS), will retain a 40% equity interest in OMQ, allowing for continued strategic participation in the business. The total cash consideration from the sale proceeds is approximately RMB 120 million, which will be used to meet the company's general working capital requirements. The remaining balance of the sale proceeds is expected by the end of November 2025.

executive chairman and CEO Mr. Low Ngee Tong stated that the part sale of OMQ is a key strategy to strengthen the company's balance sheet and maintain its presence in China's ferroalloy market. He added that this transaction initiates a new partnership with Shaanxi Sinian Metal, with a focus on exploring future joint opportunities.