Longbai Group's listing in Hong Kong speeds up to increase capital strength and international influence

Titanium dioxide leader Long Bai Group (002601) has taken a substantial step towards listing in Hong Kong

Titanium dioxide leader Long Bai Group (002601) has taken a substantial step towards listing in Hong Kong

On August 19, the China Securities Regulatory Commission disclosed the "Overseas Initial Public Offering of Shares (Including Common Stocks, Preferred Stocks, etc.

Longbai Group was established in 1998 and landed in A shares in July 2011

Chain upstream of titanium dioxide mining and mineral processing enterprises, enterprise sulfuric acid production, mainly downstream of paint, plastics, rubber, paper, household chemicals, electronics, environmental industries

As the leader in the titanium dioxide industry, Longbai Group has announced an increase for the seventh time this year.

At present, Longbai Group has a titanium dioxide production capacity of 1.

In April this year, Longbai Group disclosed its plan to go public in Hong Kong

Subsequently, on June 8, the board of directors meeting held by Longbai Group reviewed and approved the "Proposal on Appointment of Overseas Audit Institution of Lomon Baililian Group Co.

Qunyi Securities pointed out that Longbai Group’s initial issuance of Hshares, the proceeds will be used to expand the scale of operations, project investment and construction, information technology system and platform construction, mergers and acquisitions, research and development, repayment of bank loans, supplementary liquidity, Improve the capital structure and general corporate purposes
.
The listing of H shares will enhance the company’s financial strength and international influence, and accelerate the company’s international layout
.