Sinoma Science & Technology to acquire Beijing Glass Fiber Institute for CNY 83M

Sinoma Science & Technology, a subsidiary of China National Building Material, agreed to acquire 100% of Beijing Glass Fiber Institute from CNBM Asset Management for CNY 83.028 million. The acquisition aims to integrate assets and reduce related-party transactions.

“中材科技向中建材资产管理订立协议，中材科技向中建材资产管理收购北玻院的100%股权，代价为人民币8302.8万元。”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com中国建材(03323)附属中材科技拟8302.8万元收购北玻院Jul 31, 2019

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