CNBM and Sinoma Hong Kong units to merge

The listed Hong Kong units of China National Building Material Group (CNBM) and China National Materials Group (Sinoma) have agreed to merge, with each Sinoma shareholder receiving 0.85 CNBM shares. The merger follows the parent companies' merger last year.

“Each holder of Sinoma shares will receive 0.85 CNBM shares, the two firms said in a filing to Hong Kong’s bourse late on Friday.”scmp.com

• 1 source
• scmp.comListed Hong Kong units of Chinese cement majors merge | South China Morning PostEric NgSep 11, 2017

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