CITIC shares to spend more than 1.3 billion Hong Kong dollars indirect shares Ji

China's largest conglomerate, CITIC (0267.HK), announced on Friday that it would subscribe for an enlarged share capital of 60% of the company, which was indirectly held by the parent company CITIC Group, at HK $ 1.326 billion. Industry becomes a major shareholder.

CITIC shares announcement that will be through a wholly owned subsidiary of CITIC Metals, subscribed to Han Star Investment Co., Ltd. by expanding the share capital of 60%, and thus indirectly hold about 45.8% stake in Jinzhou Titanium.

According to the announcement, Jinzhou Titanium is China's first to achieve chlorination of titanium dioxide (chloride titanium dioxide) commercial production of enterprises, with 60,000 tons per year of titanium dioxide design capacity of titanium dioxide, is the only one to achieve commercial production of chlorine Titanium dioxide business. Titanium dioxide is widely used in coatings, plastics, paper, ink, ceramics, electronics, cosmetics and other industries of white inorganic chemicals.