Jinxing Titanium Dioxide to sell 100% of Yancheng Baoju
2018-04-24 17:45:32 [Print]
On April 20th, CNNC Huayuan Titanium Dioxide announced that Anhui Jinxing Titanium Dioxide (Group) Co
"Yancheng Baoju halted production due to industrial policy adjustments instead of environmental protection," a source from CNNC Huayuan Titanium Dioxide noted. It is known that Jinxing Titanium Dioxide will invest RMB635 million to construct the titanium dioxide post-processing project with a capacity of 200,000tpy.
. , Ltd . , its wholly-owned subsidiary, would transfer 100% stock equity of Yancheng Baoju at RMB33 . 76 million . Yancheng Baoju, who was informed in September 2017 to halt production, is a company that produces and sells iron oxide products."Yancheng Baoju halted production due to industrial policy adjustments instead of environmental protection," a source from CNNC Huayuan Titanium Dioxide noted. It is known that Jinxing Titanium Dioxide will invest RMB635 million to construct the titanium dioxide post-processing project with a capacity of 200,000tpy.