Nanjing Gpro Supply Chain Management Co., Ltd. announced that it expects to receive CNY 540 million in funding from Gpro Titanium Industry Co., Ltd.
November 16, 2020
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Nanjing Gpro Supply Chain Management Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 540,000,000 on November 17, 2020. The transaction included participation from returning investor Gpro Titanium Industry Co., Ltd. (SZSE:000545) to retain its 100% stake in the company. Post transaction the company's registered capital will increase from CNY 10,000,000 to CNY 550,000,000. The transaction was approved by board of directors in fourteenth meeting of seventh directorate. The transaction is subjected to shareholders approvals.
Gpro Titanium Industry Co Ltd, formerly Jilin Gpro Titanium Industry Co Ltd, is principally engaged in the manufacture and sale of titanium dioxide powders. The Companyâs main products portfolio consists of anatase titanium dioxide as well as rutile titanium dioxide, among others. The Companyâs products are mainly applied in the coating, papermaking, chemical fiber, ink, plastic tube , rubber and other fields. The Company distributes the products within domestic market and to overseas markets, including Southeast Asia, Africa and America.