Lomon Billions Group has succeeded in its bid for 68.1% of equity and RMB5.219bn (~US$759M) of debt of Yunnan Metallurgical Xinli Titanium Industry Co, Ltd (Xinli).
The bid value was RMB829M (~US$121M).
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.
