CNBM subsidiaries to buy $975M in Sinoma Cement shares

China National Building Material (CNBM) plans to restructure Sinoma Cement shareholding. Sinoma International Engineering agreed to buy $174M worth of shares, and together with New Tianshan Cement will buy $975M worth, increasing Sinoma Cement's share capital by 67% to $436M.

“China National Building Material (CNBM) plans to rearrange shareholding in Sinoma Cement between its subsidiaries.”globalcement.com

• 1 source
• globalcement.comChina National Building Material to restructure Sinoma Cement shareholding - Cement Sector News - Global CementGlobal Cement staffDec 5, 2023

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