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    Home > Coatings News > Paints and Coatings Market > Lomon Baili (002601.SZ) intends to acquire 100% equity of Chaoyang Dongzirconium New Material Co., Ltd.

    Lomon Baili (002601.SZ) intends to acquire 100% equity of Chaoyang Dongzirconium New Material Co., Ltd.

    • Last Update: 2021-04-27
    • Source: Internet
    • Author: User
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          On March 24, Lomon Bailey (002601.
    SZ)
    announced that in order to further achieve business focus and improve professional operation level, the company’s holding subsidiary Yunnan Guotai Metal Co.
    , Ltd.
    (hereinafter referred to as "Yunnan Guotai") plans to adopt Cash purchase of
    100% equity of Chaoyang Dongzirconium New Materials Co.
    , Ltd.
    (hereinafter referred to as "Chaoyang Dongzircon") held by
    Guangdong Dongfang Zirconium Technology Co.
    , Ltd.
    (hereinafter referred to as "Eastern Zirconium"), a subsidiary of the company, at a transaction price of 164 million yuan.
    After the completion of this transaction, Yunnan Guotai will own 100% of Chaoyang Dongzirconium.
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