Anning Iron & Titanium plans major asset restructuring

Sichuan Anning Iron & Titanium (SZSE:002978) is planning a major asset restructuring aimed at expanding its resources and strengthening its integrated mining operations. The company intends to acquire 100% equity in Panzhihua Jingzhi Mineral Products through a cash payment. Jingzhi Mineral Products, along with its affiliated companies Huili Hongxin Industry & Trade and Panzhihua Liyu Mining, are currently undergoing a substantive merger and reorganization process. This transaction is expected to constitute a significant asset restructuring as defined under regulations.