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On Monday 19th March Lomon Billions announced its intention to purchase Sichuan Anning Iron and Titanium Co Ltd ("Anning”), an ilmenite and iron concentrate producer in Sichuan Province, China.
The investigation into the purchase is complete and will not pursue the acquisition.
In accordance with standard practice for companies listed on the Shenzhen Stock Exchange, Lomon Billions shares (Shenzhen:002601) were suspended on 19th March to help avoid stock price anomalies.
The suspension has now been lifted and Lomon Billions shares will begin trading again on Friday 18th May.
