# Sinoma International to acquire Beijing Kaisheng, Nanjing Kaisheng and Sinoma Mining for ~$5.7B

Sinoma International, a subsidiary of China National Building Material Group, agreed to acquire Beijing Kaisheng, Nanjing Kaisheng and Sinoma Mining for about CNY 36.76 billion ($5.7 billion) to resolve competition in the cement engineering business.

- Type: Acquisition
- Announced: 2021-02-09
- Where: China
- Value: $5.70B (36.8B CNY)
- Status: announced
- Products: cement engineering services
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md) (partner)
- [Sinoma International](https://endata.com/companies/36533.md) (acquirer)
- [Beijing Kaisheng](https://endata.com/companies/53118.md) (target)
- [Nanjing Kaisheng](https://endata.com/companies/53119.md) (target)
- [Sinoma Mining](https://endata.com/companies/53120.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/410448.html), 2021-02-09: "重组有利于整合优质资源，巩固该公司在水泥工程行业的领先地位"

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