Invest $80 million! The middle core titanium white fell another son!

Recently, China Nuclear Titanium White (or "Company") issued a notice that, due to strategic development needs, the company intends to jointly fund the establishment of Xinjiang Dejuan New Materials Technology Co., Ltd. (tentative name, "Xinjiang Dejuan"). Xinjiang Dejuan registered capital of 169.88 million yuan, China Nuclear Titanium White contributed 86.6388 million yuan, accounting for 51% of the registered capital, Xinjiang Xiangyu contributed 76.446 million yuan, accounting for 45% of the registered capital;
China Nuclear Titanium white said that the establishment of the new company in strategic development, resource integration, industrial layout and enhance comprehensive competitiveness and other aspects have positive significance
: First, the company in the layout of raw materials to form a stable, high-quality source of supply, optimize the company's industrial chain
layout;
China Nuclear Titanium white also said that the investment in line with the company's strategic planning and business development needs, through the establishment of subsidiaries to implement resource integration, optimize the allocation of resources, is conducive to improve the company's industrial layout, better expand market space, improve the company's comprehensive competitive strength, the company's development has a positive strategic significance. In line with the company's development strategy and investment direction, in order to ensure the steady development of the main business premise, help to accelerate the implementation of the company's strategic development.
the same time, China Nuclear Titanium also announced the appointment of a number of senior executives - the appointment of Yu Yikun as vice president, Zhang Benfa as chief engineer, Zhu Xiaofeng as assistant to the president. Among them, Yan Yikun from the investment bank, which has worked in CITIC Securities investment banking department, Morgan Stanley Huaxin investment banking department, Great Wall capital management investment banking department, etc. , since 2018, has served as the great wall Guorong Investment Management Co., Ltd. investment banking department general manager, general manager of industrial restructuring department.
since the completion of the change of master in December 2019, the chinese nuclear titanium white movement frequency. At that time, 95-year-old Wang Zelong in the form of agreement and voting rights entrusted to the form of a single nuclear titanium white has the largest share of voting rights shareholders, and thus become the actual controller of listed companies. In February this year, China Nuclear Titanium White again toss a large rated increase plan, to raise no more than 1.6 billion yuan into titanium dioxide after-treatment projects and supplementary liquidity, and Wang Zelong intends to one person in full, the transaction was completed in September this year.
process, the price of titanium dioxide, the main product, is frequently raised. Since February this year, China Nuclear Titanium White has raised prices several times, specifically, from February 26, the company's domestic customer sales price increased by 500 yuan / ton, foreign customers export prices increased by 100 U.S. dollars / ton. From July 14, the company's domestic customer sales price increased by 500 yuan / ton, international customer export prices increased by 80 U.S. dollars / ton. From August 7, the company's domestic customer sales price increased by 500 yuan / ton, international customer export prices increased by 80 dollars / ton. From September 8, the company's domestic customer sales price increased by 500 yuan / ton, international customer export prices increased by 100 U.S. dollars / ton. From October 10, domestic customer sales price increased by 800 yuan / ton, international customer export price increased by 150 U.S. dollars / ton.
actions are also reflected in the stock price, so far this year, china's nuclear titanium white share price has risen frequently, year-to-date increase of 30%, the largest rise in the period at one point more than 50%.
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