Lomon Billions succeeds in bid for 68.1% of the equity in Yunnan Metallurgical Xinli Titanium Industry Co., Ltd

Categories: Industry News, Lomon Billions China
Posted on: May 30, 2019 9:12 am

Jiaozuo, China, May 27, 2019 Lomon Billions Group announced today the success of its bid for 68.1% of equity and RMB 5.219 billion (~$759 million) of debt of Yunnan Metallurgical Xinli Titanium Industry Co., Ltd (Xinli). The bid value was RMB 829 million (~$121 million). 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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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
TS18 3EX
United Kingdom

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

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