CNBM to increase stake in Tianshan Cement to 88% as part of restructuring

China National Building Materials (CNBM) plans to increase its stake in Tianshan Cement to 88% from 46%. Tianshan Cement will acquire China United Cement, Sinoma Cement, and majority stakes in Southwest Cement and South Cement. Tianshan Cement also agreed to buy Jiangxi Wannianqing Cement's 1.3% stake in South Cement for US$96.0m.

“China National Building Materials (CNBM) plans to increase its stake in Tianshan Cement to 88% from 46% as part of its restructuring drive.”globalcement.com

• 1 source
• globalcement.comChina National Building Materials continues restructuring - Cement Sector News - Global CementGlobal Cement staffMar 3, 2021

Summarized from public sources; check the original articles before acting on it.