Lubei Chemical to inject 209 million yuan to advance 200,000-tonne titanium dioxide project

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Lubei Chemical announced that its board of directors has approved a proposal to inject 209 million yuan into its controlled grandson company Shandong Yuanhai New Material Technology through its wholly owned subsidiary Shandong Jinhai Titanium Resources Technology, in order to safeguard the construction schedule of the first phase of the green production project with an annual capacity of 200,000 tonnes of co-production titanium dioxide. At the same time, the board supplemented and confirmed the related-party transaction with an affiliate for the joint research and development of a new hydrochloric acid process for titanium dioxide production.

Impact on assets 1

Others▲
Shandong Lubei Chemical Co Ltd
600727
▲ PositiveCapitalrelevance

Lubei Chemical's board approved a 209 million yuan injection into its titanium dioxide project to keep construction on schedule.

Off-coverage companies 2

Shandong Yuanhai New Materials Technology Co., Ltd.i
Private▲ PositiveCapitalrelevance

Yuanhai New Material receives the 209 million yuan capital injection for the 200,000-tonne titanium dioxide project.

Shandong Jinhai Titanium Resources Technology Co., Ltd.i
Private▲ PositiveCapitalrelevance

Jinhai Titanium Resources Technology is the wholly owned subsidiary channeling the 209 million yuan injection to the project.