# China Resources Cement buys additional 20% stake in Global Stone (Dongguan)

China Resources Cement Holdings, through its subsidiary Shenzhen Runfeng New Materials, acquired a 20.0061% stake in Global Stone (Dongguan) for RMB 388 million, increasing its total stake to 40%.

- Type: Acquisition
- Announced: 2019-04-16
- Where: Dongguan, China
- Value: $58.0M (388.0M CNY)
- Status: announced
- Products: stone products, artificial stone, natural stone
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China Resources Cement Holdings](https://endata.com/companies/38754.md) (acquirer)
- [Global Stone (Dongguan)](https://endata.com/companies/38755.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/197585.html), 2019-04-16: "此次收购将促进公司战略转型，创造业务协同价值，实现产业链延伸发展战略。"

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