Pangang Group Chengdu Vanadium and Titanium Resources Development Co., Ltd. announced that it will receive CNY 200 million in equity round of funding on March 25, 2022. The transaction will include participation from existing investor Pangang Group Vanadium & Titanium Resources Co., Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 200 million to CNY 400 million.

The transaction has been approved in the twenty-seventh meeting of the eighth session of the board of directors of the investor.