# Southern Cement leads CNY 2 billion capital increase for Chizhou CNBM

Southern Cement, an indirect subsidiary of China National Building Material Group, agreed to inject CNY 1.2 billion into Chizhou CNBM New Building Materials Co., Ltd. as part of a CNY 2 billion capital increase by all shareholders, to fund mining rights and production line construction.

- Type: Investment
- Announced: 2022-06-29
- Where: Chizhou, Anhui, China
- Value: $297.0M (2.00B CNY)
- Status: announced
- Products: new building materials, aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md)
- [Southern Cement](https://endata.com/companies/49246.md) (investor)
- [Chizhou CNBM New Building Materials Co., Ltd.](https://endata.com/companies/63778.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/747177.html), 2022-06-29: "本次增资基于项目建设需要，旨在增强池州中建材的资金实力和运营能力"

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