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China National Building Material (CNBM) signed a letter of intent to sell certain cement business assets to its subsidiary Tianshan Cement, with consideration in Tianshan Cement shares and/or cash. The assets include stakes in several cement companies.
“公司已与其附属公司新疆天山水泥股份有限公司签订了一份合作意向书,有关由公司向天山水泥出售公司的若干水泥业务资产。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.