# Taiheiyo Cement to transfer 71.99% stake in Qinhuangdao Asano Cement

Taiheiyo Cement will transfer its 71.99% equity stake in Chinese subsidiary Qinhuangdao Asano Cement to Qinhuangdao Changyang Concrete. The transfer is scheduled for mid-September 2020.

- Type: Acquisition
- Announced: 2020-09-18
- Where: Qinhuangdao, Hebei province, China
- Status: announced
- Products: cement, aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Taiheiyo Cement](https://endata.com/companies/32760.md)
- [Qinhuangdao Changyang Concrete](https://endata.com/companies/50021.md) (acquirer)
- [Qinhuangdao Asano Cement](https://endata.com/companies/50022.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/169540/taiheiyo-cement-to-transfer-equity-stake-in-qinhuangdao-asano-cement.html), 2020-09-18: "Japan-based Taiheiyo Cement announced that it would transfer the 71.99 per cent equity stake in its Chinese consolidated subsidiary Qinhuangdao Asano Cement to China's Qinhuangdao Changyang Concrete."

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