# 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.

- Type: Acquisition
- Announced: 2023-08-09
- Where: China
- Status: announced
- Products: cement, building materials, information technology services
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Ningxia Building Materials](https://endata.com/companies/55002.md)
- [China Building Materials Corporation](https://endata.com/companies/22634.md) (partner)
- [Xinjiang Tianshan Cement Co., Ltd.](https://endata.com/companies/48817.md) (acquirer)
- [CNBM Information Technology](https://endata.com/companies/71938.md) (target)

## Sources

- [paper.cnstock.com](https://paper.cnstock.com/html/2023-08/09/content_1804089.htm), 2023-08-09: "The State-owned Assets Supervision and Administration Commission has approved in principle the overall plan for the transaction."

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