BBMG to inject cement assets into Tangshan Jidong Cement

BBMG Group (02009.HK) will inject its cement-related assets into Tangshan Jidong Cement (000401.SZ) through a capital increase in a joint venture and a cash acquisition. The deal includes 7 companies' equity from BBMG and 5 companies' equity plus RMB 2.482 billion cash from Jidong, with total asset valuation of RMB 1.537 billion for the cash portion.

“金隅集团将水泥等业务相关资产通过增资合资公司及冀东水泥现金收购两种方式注入冀东水泥。”beta.zhitongcaijing.com

• 2 sources
• beta.zhitongcaijing.com金隅集团(02009)将水泥等业务相关资产注入唐山冀东水泥Jan 9, 2019
• beta.zhitongcaijing.com金隅集团(02009)将水泥等业务相关资产注入冀东水泥的全部决策程序均已履行完毕Jan 30, 2019

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