Tiangong to purchase fixed assets and inventory related to titanium alloy wire production line
2019-12-05 15:55:51 [Print]
Tiangong International announced that due to the needs of operation and development, the subsidiary Tiangong Co., Ltd. of the company plans to lease the plant to the related party Jiangsu Weijian Tool Technology Co., Ltd. for the production and operation of titanium alloy wire production line. The two parties signed the plant lease agreement on December 4, 2019, with the lease area of 5,093.65 square meters, and the lease term is from December 4, 2019 to November 30, 2020.
In addition, the company plans to purchase fixed assets and inventory related to titanium alloy wire production line from the related party Jiangsu Weijian Tool Technology Co., Ltd. at the price of RMB21.5297 million (USD3.052 million) (including 13% value-added tax), and both parties enter into an asset transfer agreement on December 4, 2019.
In addition, the company plans to purchase fixed assets and inventory related to titanium alloy wire production line from the related party Jiangsu Weijian Tool Technology Co., Ltd. at the price of RMB21.5297 million (USD3.052 million) (including 13% value-added tax), and both parties enter into an asset transfer agreement on December 4, 2019.
Titanium Plate TA2 2mm EXW China
Unit:RMB/kg
China titanium tetrachloride producers' sales to production ratio statistics by province by month
Unit: %
