Bao Ti Group: plans to increase capital by 287 million yuan to acquire controlling stake in Marvel Titanium.

Baoti Corporation announced that it plans to acquire 51% equity of Shaanxi Wanmao Titian Special Material Technology Co., Ltd. through capital increase and share expansion, with a capital increase price of 287 million yuan. After the transaction is completed, Wanmao Titanium will become a subsidiary of the company and will be renamed "Shaanxi Baoti Wanmao Titanium Industry Co., Ltd." The company's acquisition of Wanmao Titanium through this capital increase will help integrate local high-quality resources and quickly increase smelting capacity by 25,000-28,000 tons per year.