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Tianshan Cement Co., Ltd. signed a letter of intent to acquire cement-related business subsidiaries from Ningxia Building Materials Group Co., Ltd. for cash. The announcement was made on April 15, 2022.
“于2022年4月15日,宁夏建材及天山水泥签订了一份合作意向书,有关一项资产转让,拟由天山水泥以现金收购宁夏建材所持水泥等相关业务子公司的控股权等资产。”beta.zhitongcaijing.com
Summarized from public sources; check the original articles before acting on it.