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On June 26, CNNC Titanium Dioxide announced that the company plans to invest 1 billion yuan to establish a wholly-owned subsidiary CNNC Titanium Dioxide Operation .
It is understood that the business scope of the proposed wholly-owned subsidiary includes the procurement and sales of titanium dioxide, titanium concentrate, titanium ore raw materials (excluding dangerous goods), procurement and sales of mechanical equipment, electromechanical equipment, and technology in the field of chemical technolo.
On the same day, China Nuclear Titanium Dioxide announced that Venus Titanium Dioxide, a wholly-owned subsidiary of the company, plans to increase the capital of its wholly-owned subsidiary, Dongfang Titanium Industry, by 440 million yu.