Lomon Billions to integrate titanium sponge business of its subsidiary

Lomon Billions announced on November 17 that the titanium mill product industry is the basic industry for the development of the national economy and industrial upgrading.Asian Metal Copyright Lomon Billions will transfer 100% of the equity of Lufeng Guotai held by the holding subsidiary Lufeng Xinli to the company's holding subsidiary Yunnan Guotai at RMB606 million USD92.Asian Metal Copyright With the development of the economy, the market demand for titanium materials will increase day by day, and in order to improve the company's comprehensive competitiveness in the titanium mill product industry, the company intends to integrate the titanium sponge business of its subsidiary.Asian Metal Copyright Yunnan Guotai will become the company's titanium business platform.Asian Metal Copyright Lomon Billions will transfer 100% of the equity of Lufeng Guotai held by the holding subsidiary Lufeng Xinli to the company's holding subsidiary Yunnan Guotai at RMB606 million (USD92.Asian Metal Copyright With the development of the economy, the market demand for titanium materials will increase day by day, and in order to improve the company's comprehensive competitiveness in the titanium mill product industry, the company intends to integrate the titanium sponge business of its subsidiary.Asian Metal Copyright53 million).Asian Metal Copyright Yunnan Guotai will become the company's titanium business platform.Asian Metal Copyright Yunnan Guotai will become the company's titanium business platform.
.Asian Metal Copyright Lomon Billions will transfer 100% of the equity of Lufeng Guotai held by the holding subsidiary Lufeng Xinli to the company's holding subsidiary Yunnan Guotai at RMB606 million USD92Asian Metal Copyright