Zhejiang Shangfeng to acquire 65% stake in Ningxia Mingfeng

Zhejiang Shangfeng Building Materials Co will acquire a 65% stake in Ningxia Mingfeng Mengcheng Building Materials Co, a cement producer, for CNY 196.65 million (US$27.76 million).

“China’s Zhejiang Shangfeng Building Materials Co is set to acquire a 65 per cent stake in Ningxia Mingfeng Mengcheng Building Materials Co, a producer of general Portland cement, clinker and special cement.”cemnet.com

• 1 source
• cemnet.comZhejiang Shangfeng to acquire majority stake in cement producerSep 2, 2019

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