Merger and acquisition? Stock of titanium dioxide manufacturer Annada suspended.


On the morning of November 6, Liuguo Chemical and Annada Titanium announced that they received a “Notice Letter” from their controlling shareholder, Tongling Chemical Industry Group Co., Ltd. (referred to as “Tongling Chemical Group”), regarding the planning of significant matters on November 5. The shareholder of Tongling Chemical Group is planning significant matters that may result in a change of the actual controllers of the two companies.

As of the date of this announcement, the aforementioned matters are still in the negotiation stage and there is uncertainty. In order to ensure fair information disclosure, protect the interests of investors, and avoid abnormal fluctuations in the company’s stock price, upon application, the trading of the two companies’ stocks will be suspended from the morning of November 6 (Monday), and the suspension is expected to last no more than two trading days.

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Titanium Dioxide

Panzhihua Haifengxin has developed a range of tio2 pigment which is client-oriented and aims to address customer needs in the fields of coating, ink, plastic, paper, and so on.

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