# China securities regulator approves Jidong Cement's merger with BBMG Jidong Cement

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.

- Type: Acquisition
- Announced: 2021-11-03
- Where: China
- Value: $310.0M (2.00B CNY)
- Status: completed
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Jidong Cement](https://endata.com/companies/29064.md) (acquirer)
- [BBMG Group](https://endata.com/companies/29065.md) (investor)
- [BBMG Group](https://endata.com/companies/29065.md) (target)
- [BBMG Jidong Cement (Tangshan)](https://endata.com/companies/58621.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/592866.html), 2021-11-03: "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](http://beta.zhitongcaijing.com/content/detail/606337.html), 2021-11-21: "冀东水泥拟通过向金隅集团发行股份的方式，购买其所持合资公司47.09%股权并吸收合并合资公司"

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