# 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).

- Type: Acquisition
- Announced: 2019-09-02
- Where: China
- Value: $27.8M (196.7M CNY)
- Status: announced
- Products: Portland cement, clinker, special cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Zhejiang Shangfeng Building Materials Co](https://endata.com/companies/41780.md) (acquirer)
- [Ningxia Mingfeng Mengcheng Building Materials Co](https://endata.com/companies/41781.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/167246/zhejiang-shangfeng-to-acquire-majority-stake-in-cement-producer.html), 2019-09-02: "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."

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