Henan Billions Plans to Buy 75% Stake in Jiangxi Tikon from Sansheng

摘要

Henan Billions Chemical Co. (a.k.a. Henan Baililian) plans to take a 75% shareholding in Jiangxi Tikon Co. (formerly Jiangxi Tian-guang), which has a modern 100,000 t.p.a. sulfate-route TiO2 pigment plant at Fuzhou in northeastern Jiangxi province. Jiangxi Tikon is effectively a wholly-owned subsidiary within the Sansheng group (headquartered in HongKong), though the share ownership is split as to 67% directly held by the Sansheng group and 33% held by a Sansheng subsidiary, Quanzhou Sanwei Chemical Industry Co. (headquartered in Quanzhou, Fujian).