GPRO Titanium terminates major asset restructuring plan
2025-09-24 15:45:36 [Print]
GPRO Titanium Industry Co., Ltd. announced that, given recent market changes and the high level of uncertainty in pushing forward with its restructuring, the company has decided to terminate its plan for asset swaps, share issuance, cash payments for asset acquisitions, and related fundraising transactions.
According to earlier disclosures, the company had planned to swap certain assets and all liabilities of its subsidiaries, namely Nanjing Titanium Dioxide Chemical Co., Ltd., Xuzhou Titanium Dioxide Chemical Co., Ltd., and Nanjing Jinpu Supply Chain Management Co., Ltd., for an equivalent portion of the 91% stake in Nanjing Orientleader Technology Co., Ltd. held by Nanjing Jinpu Dongyu Investment Co., Ltd. It also intended to acquire the remaining 9% stake in Lide Oriental from Nanjing Hengyu Taihe Investment Partnership Enterprise through a combination of share issuance and cash, along with raising supporting funds. The restructuring would have marked Jinpu Titanium's strategic exit from the titanium dioxide sector and a shift of its core business to rubber products.
According to earlier disclosures, the company had planned to swap certain assets and all liabilities of its subsidiaries, namely Nanjing Titanium Dioxide Chemical Co., Ltd., Xuzhou Titanium Dioxide Chemical Co., Ltd., and Nanjing Jinpu Supply Chain Management Co., Ltd., for an equivalent portion of the 91% stake in Nanjing Orientleader Technology Co., Ltd. held by Nanjing Jinpu Dongyu Investment Co., Ltd. It also intended to acquire the remaining 9% stake in Lide Oriental from Nanjing Hengyu Taihe Investment Partnership Enterprise through a combination of share issuance and cash, along with raising supporting funds. The restructuring would have marked Jinpu Titanium's strategic exit from the titanium dioxide sector and a shift of its core business to rubber products.
Titanium Dioxide Rutile, 93%min FOB China
Unit:USD/mt
China titanium dioxide producers' output statistics by province by month
Unit: mt
