Titan Petrochemical Group Co., Ltd. (“Titan”) is a listed company on the main board of Hong Kong Stock Exchange (stock code: 1192), with its headquarter in Hong Kong and has two branches in the Asian major shipping centers Singapore and Shanghai China. Titan Petrochemical has the largest multi-functional shipyard in the Asia Pacific region-Quanzhou Shipyard, and has recently successfully acquired Zhoushan Yatai Shipyard.
15 July 2016, with the unremitting efforts and support of its major shareholders and its management, Titan completed the Debt Restructuring scheme and resumed its trading on the main board of the Hong Kong Stock Exchange. After the resumption of trading, the Company on one hand keeps carrying out the existing ship repair business and commodity trading business of oil, petrochemical and related products; and on the one hand continuing to strengthen industrial layout. By virtue of the strong financing capacity of listed company and the professional management team, we are actively looking for high quality projects both domestic and international, and vigorously expanding our enterprise territory.
We are committed to build up the company into the one covering the whole industry chain including development of oil fields, offshore and marine, shipbuilding and repairing, transportation, warehousing, processing and trading. We believe, the continuous deepening of the strategy of “One Belt One Road” between China and the regional countries, the implementation of the “China-made 2025” and “13th Five-Year Plan” and the progressive enforcement of the new standards for shipbuilding and environmental protection and the new regulations by the International Maritime Organization provide a significant opportunity for the Company in ship repairing and shipbuilding as well as overseas mergers and acquisitions.