Lubei Chemical to purchase Jinhai Titanium and Xianghai Titanium
2019-11-04 17:51:11 [Print]
On the evening of November 1, Lubei Chemical announced that the company is planning to purchase 100% of Shandong Jinhai Titanium Resource Technology Co., Ltd. and 100% of Shandong Xianghai Titanium Resource Technology Co., Ltd.
According to the announcement, Shandong Lubei Enterprise Group General Company and Hangzhou Jinjiang Group Co., Ltd. respectively hold 66% and 34% shares in Jinhai Titanium Industry, and Lubei Group holds 100% in Xianghai Titanium Industry. Lubei Chemical intends to purchase 100% of Jinhai Titanium Industry by issuing shares and paying cash to Lubei Group and Jinjiang Group, and to purchase 100% of Xianghai Titanium Industry by paying cash to Lubei Group.
According to the announcement, Shandong Lubei Enterprise Group General Company and Hangzhou Jinjiang Group Co., Ltd. respectively hold 66% and 34% shares in Jinhai Titanium Industry, and Lubei Group holds 100% in Xianghai Titanium Industry. Lubei Chemical intends to purchase 100% of Jinhai Titanium Industry by issuing shares and paying cash to Lubei Group and Jinjiang Group, and to purchase 100% of Xianghai Titanium Industry by paying cash to Lubei Group.
Ferro-titanium 70%min Delivered US
Unit:USD/kg Ti
China titanium concentrate producers' output statistics by province by month
Unit: mt
