LB Group's (SHE:002601) unit, Longbai Sichuan Mining and Metallurgy, plans to acquire an additional partnership share in a private equity fund for 63 million yuan, according to a Shenzhen bourse filing on Tuesday.
Longbai Sichuan aims to purchase a partnership interest worth 300 million yuan in the Henan Zhenxing Vanadium-Titanium Low-Carbon Development Private Equity Investment Fund Center (Limited Partnership).
After the completion of the transaction, Longbai Sichuan's committed capital in the fund will rise to 99.9%, which is worth 997 million yuan.
The titanium dioxide pigment producer's shares rose over 1% at the close.
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