Annada Titanium to make additional investment in Tongling Nayuan
2020-07-31 16:04:35 [Print]
Annada Titanium announced on July 30th that original shareholders of its holding subsidiary, Tongling Nayuan, will agree to make addition investment on the subsidiary to build a 50ktpa of battery grade iron(iii) phosphate project
. Of all the RMB77 million (USD11,019,047) of addition investment needed to build the project this time, RMB53 . 90 million (USD7,713,333) will be supplied by Annada Titanium by its own funds in two phases, still accounting for 70% of the total investment; in addition, the investment proportion of shareholders will keep unchanged.