# Nanjing Yida Zongheng to acquire 88.51% stake in Jiangnan-Onoda Cement from Taiheiyo Cement for CNY 60M

Nanjing Yida Zongheng Building Materials Co., Ltd. signed a letter of intent to acquire an 88.51% stake in Jiangnan-Onoda Cement Co., Ltd. from Taiheiyo Cement Corporation for CNY 60 million.

- Type: Acquisition
- Announced: 2026-02-24
- Where: China
- Value: $8.30M (60.0M CNY)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Taiheiyo Cement](https://endata.com/companies/32760.md) (partner)
- [Nanjing Yida Zongheng Building Materials Co., Ltd.](https://endata.com/companies/90503.md) (acquirer)
- [Jiangnan-Onoda Cement Co., Ltd.](https://endata.com/companies/90504.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/news/nanjing-yida-zongheng-building-materials-co-ltd-signed-a-letter-of-intent-to-acquire-88-51-stake-ce7e5cdad98bf520), 2026-02-24: "Nanjing Yida Zongheng Building Materials Co., Ltd. signed a letter of intent to acquire 88.51% stake in Jiangnan-Onoda Cement Co., Ltd. from Taiheiyo Cement Corporation for CNY 60 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.