Jidong Cement to absorb Jinyu Jidong Cement in $2.1B deal

Beijing Jinyu Group announced that Tangshan Jidong Cement will absorb Jinyu Jidong Cement (Tangshan) Co., Ltd., with Jinyu Group exchanging its 47.09% stake in the joint venture for new Jidong Cement shares. The transaction is valued at approximately 13.63 billion yuan ($2.1 billion). The board approved the plan on March 31, 2021.

“同意公司以所持金隅冀东水泥（唐山）有限责任公司47.09%的股权认购唐山冀东水泥股份有限公司新发行的股份，由冀东水泥吸收合并合资公司”epaper.cs.com.cn

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• epaper.cs.com.cn中国证券报 - 北京金隅集团股份有限公司关于唐山冀东水泥股份有限公司吸收合并<BR/>金隅冀东水泥（唐山）有限责任公司交易等相关事宜的公告Apr 1, 2021

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