Lomon Billions Group acquires additional equity in Yunnan Metallurgical Xinli Titanium Industry Co., Ltd

Categories: General News, Industry News, Lomon Billions China
Posted on: June 14, 2019 9:05 am

Jiaozuo, China, June 13, 2019 Lomon Billions Group announced today the acquisition of a further 26.18% of the equity in Yunnan Metallurgical Xinli Titanium Industry Co., Ltd (Xinli) for RMB 53.4 million ($7.7 million) taking Lomon Billions’ total equity interest in Xinli to 94.28%. Xinli is a company in Yunnan Province, China that manufactures and sells ilmenite, titanium slag, chloride titanium dioxide pigment, titanium sponge, titanium alloy and titanium powder.

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