Shangfeng Cement subsidiary to acquire 85% of Songta Cement for $17.3M

Shangfeng Cement's wholly-owned subsidiary Zhejiang Shangfeng Building Materials plans to acquire 85% equity of Inner Mongolia Songta Cement for 112 million yuan ($17.3 million). After completion, Songta Cement will become a controlled subsidiary.

“为提升公司总体竞争力，公司全资子公司浙江上峰建材有限公司拟以1.12亿元收购内蒙古松塔水泥有限责任公司85%股权”beta.zhitongcaijing.com

• 1 source
• beta.zhitongcaijing.com上峰水泥(000672.SZ)子公司拟以1.12亿元收购松塔水泥85%股权Feb 25, 2021

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