Ningxia Building Materials receives state approval for merger with CNBM Information Technology

Ningxia Building Materials Group's proposed share-exchange absorption merger with CNBM Information Technology and related asset sale to Xinjiang Tianshan Cement has received approval in principle from China's State-owned Assets Supervision and Administration Commission (SASAC). The transaction still requires shareholder and regulatory approvals.

“The State-owned Assets Supervision and Administration Commission has approved in principle the overall plan for the transaction.”paper.cnstock.com

• 1 source
• paper.cnstock.com宁夏建材集团股份有限公司关于换股吸收合并中建材信息技术股份有限公司及重大资产出售并募集配套资金暨关联交易获得国务院国资委批复的公告|上海证券报Aug 9, 2023

Summarized from public sources; check the original articles before acting on it.