LB Group(SZ:002601) Zheng Quan Shi Bao Wang·2025-10-16 12:25Core Viewpoint - Longbai Group plans to acquire titanium dioxide-related assets from Venator UK for $69.9 million, with additional estimated taxes of approximately $14.19 million, funded through self-owned or self-raised funds [1][2]. Group 1: Transaction Details - The acquisition includes assets such as land, buildings, machinery, spare parts, business records, intellectual property, and inventory related to titanium dioxide production [2]. - Venator UK is the only facility under Venator that produces titanium dioxide using the chloride process, with a designed annual capacity of 150,000 tons [2]. - As of August 31, 2025, the book value of the targeted assets is approximately $195 million, with a historical cost of about $534 million and accumulated depreciation of around $339 million [2]. Group 2: Operational Implications - Longbai Group will assume the rights and obligations of employees maintaining the factory, who are currently under the employment contracts of Venator UK [2]. - The transaction is contingent upon the appointment of a manager for Venator UK due to its financial difficulties, which must be included in the asset purchase agreement [3]. - Post-acquisition, Longbai Group aims to integrate the assets across production, supply, and sales to reduce costs, enhance capacity utilization, and optimize the sales structure, thereby advancing its global industrial layout and improving service quality for global customers [3].