Huiyun Titanium Industry plans to purchase controlling stake in Detian Chemical

On the evening of August 30, Huiyun Titanium Industry (300891) disclosed that in order to further expand the company's industrial layout in the titanium dioxide industry and meet market demand, it plans to acquire Guangxi Detian Chemical Recycling Co., Ltd.(hereinafter referred to as "Detian Chemical") with self-raised funds.

It is understood that Detian Chemical is a high-tech enterprise that co-produces titanium dioxide by "sulfur-titanium-manganese". The company was established on January 31, 2008 with a registered capital of 68 million yuan and the legal representative is Zhang Yun. Its main products are titanium dioxide, sulfuric acid, feed-grade manganese sulfate and other related by-products.