# Ningxia Building Materials to absorb China Building Information via share swap

Ningxia Building Materials, a subsidiary of China Building Materials, signed an agreement to absorb China Building Information through a share swap, issuing A-shares to all shareholders of China Building Information.

- Type: Acquisition
- Announced: 2022-04-28
- Where: China
- Value: $430.0M (2.90B CNY)
- Status: announced
- Products: building materials, digital services
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China Building Materials Corporation](https://endata.com/companies/22634.md)
- [Xinjiang Tianshan Cement Co., Ltd.](https://endata.com/companies/48817.md) (acquirer)
- [Ningxia Building Materials](https://endata.com/companies/55002.md) (acquirer)
- [China Building Information](https://endata.com/companies/62576.md) (target)
- [CSCEC Information](https://endata.com/companies/62603.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/715629.html), 2022-04-28: "宁夏建材与中建信息订立了吸收合并示意性协议，有关宁夏建材拟通过向中建信息全体股东发行宁夏建材A股股票的方式换股吸收合并中建信息。"
- [chinastockmarketnews.com](https://chinastockmarketnews.com/post/751257.html), 2022-04-29: "This reorganization will not lead to the change of the actual controller of the company and does not constitute reorganization and listing."

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