# China National Building Material to sell cement assets to Tianshan Cement

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.

- Type: Acquisition
- Announced: 2020-07-24
- Where: China
- Value: $9.35B (64.9B CNY)
- Status: announced
- Capacity: 3.5 billion tons/year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md)
- [China National Building Materials Group Corp](https://endata.com/companies/22561.md)
- [China National Building Material Group](https://endata.com/companies/20207.md) (partner)
- [China National Building Material Group](https://endata.com/companies/20207.md) (target)
- [LiMA](https://endata.com/companies/20322.md) (partner)
- [China Building Materials Corporation](https://endata.com/companies/22634.md) (target)
- [North Cement](https://endata.com/companies/26357.md) (target)
- [Southwest Cement](https://endata.com/companies/32700.md) (target)
- [China United Cement](https://endata.com/companies/42357.md) (target)
- [Tianshan Cement](https://endata.com/companies/48814.md) (acquirer)
- [Xinjiang Tianshan Cement Co., Ltd.](https://endata.com/companies/48817.md) (acquirer)
- [Zhonglian Cement](https://endata.com/companies/48859.md) (target)
- [Nanfang Cement](https://endata.com/companies/48860.md) (target)
- [Beifang Cement](https://endata.com/companies/48861.md) (target)
- [Xinan Cement](https://endata.com/companies/48862.md) (target)
- [Zhongcai Cement](https://endata.com/companies/48863.md) (target)
- [CNBM Investment](https://endata.com/companies/48864.md) (target)
- [Sinoma Cement](https://endata.com/companies/48942.md) (target)
- [South Cement](https://endata.com/companies/48943.md) (target)
- [South West Cement Company Limited](https://endata.com/companies/49061.md) (target)
- [BOCOM Financial Asset Investment Co., Ltd](https://endata.com/companies/49062.md) (partner)
- [ABC Financial Asset Investment Co., Ltd.](https://endata.com/companies/49063.md) (partner)
- [Jiangxi Wannianqing Cement Co., Ltd.](https://endata.com/companies/49064.md) (partner)
- [Zhejiang Jianfeng Group Co., Ltd.](https://endata.com/companies/49065.md) (partner)
- [Hangzhou Zhaoji Investment Partnership Enterprise (Limited Partnership)](https://endata.com/companies/49066.md) (partner)
- [Beijing Huachen Shiji Investment Co., Ltd.](https://endata.com/companies/49067.md) (partner)
- [Zhejiang Bangda Investment Co., Ltd.](https://endata.com/companies/49068.md) (partner)
- [Shanghai Tanxi Group Co., Ltd](https://endata.com/companies/49069.md) (partner)
- [Southern Cement](https://endata.com/companies/49246.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/321265.html), 2020-07-24: "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。"
- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/321265.html), 2020-07-24: "中国建材(03323)发布公告，为推动解决公司附属公司之间的同业竞争，公司已与其附属公司新疆天山水泥股份有限公司(天山水泥，000877.SZ)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](http://beta.zhitongcaijing.com/content/detail/321328.html), 2020-07-26: "天山股份2020年7月24日发布公告，公司拟以发行股份或发行股份及支付现金购买资产的方式收购中国建材(03323)水泥板块资产。"
- [caixinglobal.com](https://www.caixinglobal.com/2020-07-27/new-chinese-cement-conglomerate-solidifies-amid-acquisition-talks-101585196.html), 2020-07-27: "Xinjiang Tianshan Cement Co. Ltd. is in talks with its largest indirect shareholder, cement giant China National Building Material Co. Ltd. (CNBM), about the acquisition of six of CNBM’s cement-making subsidiaries."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/321410.html), 2020-07-27: "公司已与其附属公司天山水泥签订合作意向书，有关由公司向天山水泥出售公司的若干水泥业务资产。"
- [globalcement.com](https://www.globalcement.com/news/11823-china-national-building-materials-announces-restructuring), 2020-07-29: "China National Building Materials (CNBM) has shared plans for a restructuring."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/ZHEJIANG-JIANFENG-GROUP-C-9949873/news/Xinjiang-Tianshan-Cement-Co-Ltd-signed-Indicative-Agreements-to-acquire-stakes-in-South-West-Ceme-33752594/), 2020-08-06: "Xinjiang Tianshan Cement Co., Ltd. signed Indicative Agreements to acquire stakes in South West Cement Company Limited and South Cement Company Limited from a group of sellers for CNY 64.9 billion."
- [finet.hk](https://www.finet.hk/newscenter/news_content/5f2f7046bde0b33df4744a98), 2020-08-09: "公司拟出售其于各标的公司的股权，代价为天山水泥发行予公司的股份。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/325900.html), 2020-08-11: "天山股份公告拟发行股份购买中国建材旗下中联水泥、南方水泥、西南水泥及中材水泥股权，实现中建材优质水泥资产回归A股。"

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