Jidong Cement and BBMG to form joint venture cement company

Jidong Cement announced a revised restructuring plan to form a joint venture with BBMG Group, where Jidong Cement will contribute 20 cement companies and 2 branch assets, and BBMG will contribute 10 cement companies. The joint venture will be controlled by Jidong Cement, making it the sole cement platform under BBMG.

“冀东水泥（000401）公告称，与金隅集团的原重大资产重组方案调整为双方以部分水泥企业股权或资产出资共同组建由冀东水泥控股的合资公司。”cs.com.cn

• 2 sources
• cs.com.cn冀东水泥：重组预案出炉 将与金隅共建合资公司_中证网Dec 28, 2017
• zqrb.cn冀东水泥重大资产重组拟与金隅集团建合资公司-证券日报网Jan 12, 2018

Summarized from public sources; check the original articles before acting on it.