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China Securities Regulatory Commission approved Jidong Cement's issuance of shares to absorb BBMG Jidong Cement (Tangshan) and raise up to 2 billion yuan in supporting funds.
“核准冀东水泥发行约10.66亿股股份吸收合并金隅冀东水泥(唐山)有限责任公司;核准冀东水泥发行股份募集配套资金不超过20亿元。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.