China National Building Material to form joint venture integrating Henan cement assets

China National Building Material (CNBM), through its subsidiary China United Cement, agreed to form a joint venture with Henan Investment Group to integrate cement resources in Henan province. CNBM will contribute 5.535 billion yuan for a 60% stake.

“公司全资附属中国联合水泥与河南投资集团签订股东协议，订约方同意于中国成立合营公司。”zhitongcaijing.com

• 2 sources
• zhitongcaijing.com中国建材(03323)拟55.35亿元参设合营 整合河南水泥资源Sep 27, 2019
• beta.zhitongcaijing.com中国建材(03323)与国检集团进行检测业务重组整合 解决同业竞争问题Nov 8, 2019

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