The Next Big China TiO2 Merger? Jilin Gpro Suspends Trading
GUANGZHOU, China - Jilin Gpro announced a trading suspension that took effect on May 18, 2015. Market intelligence firm CCM, Guangzhou, China, believes that the suspension could be a signal Jilin Gpro is expecting to confirm a big mergers and acquisitions (M&A) deal in the near future, with Jiangsu Zhentai, a subsidiary of Jiangsu Taibai, as the most likely target.
On the evening of May 17, Jilin Gpro Titanium Industry Co. Ltd. (Jilin Gpro) announced a trading suspension to take effect the next day, citing company activity as the reason for the move. The company promised to release more information about its activities shortly.