Lomon Billions Group announces intention to bid for 68.1% of the equity in Yunnan Metallurgical Xinli Titanium Industry Co., Ltd

Categories: General News, Industry News, Lomon Billions China
Posted on: May 13, 2019 3:00 pm

Jiaozuo, China, May 13, 2019 Lomon Billions Group announced today its intention to bid for 68.1% of the equity in Yunnan Metallurgical Xinli Titanium Industry Co., Ltd (Xinli), a company in Yunnan Province, China that manufactures and sells ilmenite, titanium slag, chloride titanium dioxide pigment, titanium sponge, titanium alloy and titanium powder. The equity is currently owned by Yunnan Metallurgical Group Co. Ltd (YMGC) who announced on 18th April that it would be auctioning its interest in Xinli which also includes RMB 5.219 billion (~$759 million) debt. The base price for the auction is RMB 829 million (~$121 million). If its bid is successful, Lomon Billions will announce its bid price on completion of the transaction.

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Julie Reid, Marketing Director
Lomon Billions Group
Winder House, Kingfisher Way
Stockton-on-Tees, TS18 3EX, United Kingdom

T: +44 (0) 1642 692750
E: juliereid@lomonbillions.com

 

 

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Lomon Billions European HQ

Julie Reid
Marketing Director
Lomon Billions
Winder House
Kingfisher Way
Stockton-on-Tees
TS18 3EX
United Kingdom

Tel +44 (0)1642 692750
Email juliereid@lomonbillions.com

Company Information

Lomon Billions is listed on the Shenzhen Stock Exchange – Shenzhen:002601
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