[SMM Titanium News] On June 24, Baoti Group Co., Ltd. announced in a public notice that the company intends to acquire a 51% stake in Shaanxi Wanhao Titanium Special Material Technology Co., Ltd. through capital increase and share expansion, with a capital injection price of 287 million yuan. After the completion of the transaction, Wanhao Titanium will become a holding subsidiary of the company and is proposed to be renamed as "Shaanxi Baoti Wanhao Titanium Industry Co., Ltd.". By controlling Wanhao Titanium through this capital increase, the company can integrate local high-quality resources and rapidly increase its melting capacity by 25,000-28,000 mt/year.