# China Securities Regulatory Commission approves Tianshan Cement's acquisition of assets from China建材

China建材 announced that Tianshan Cement has received regulatory approval from the China Securities Regulatory Commission to issue shares to China建材 and other sellers to acquire assets and raise up to RMB 5 billion in matching funds. The approval was dated September 6, 2021.

- Type: Acquisition
- Announced: 2021-09-09
- Where: China
- Value: $770.0M (5.00B CNY)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China](https://endata.com/companies/42818.md) (target)
- [Tianshan Cement](https://endata.com/companies/48814.md) (acquirer)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/557633.html), 2021-09-10: "核准天山水泥向该公司及独立卖方(排除卖方除外)发行股份，以购买相关资产;核准天山水泥发行股份募集配套资金不超过人民币50亿元。"

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