# 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.

- Type: Acquisition
- Announced: 2023-12-04
- Where: China
- Value: $975.0M
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Material Group](https://endata.com/companies/20207.md)
- [Sinoma International Engineering](https://endata.com/companies/21384.md) (acquirer)
- [Sinoma Cement](https://endata.com/companies/48942.md) (target)
- [New Tianshan Cement](https://endata.com/companies/71118.md) (acquirer)

## Sources

- [globalcement.com](https://www.globalcement.com/news/17313-china-national-building-material-to-restructure-sinoma-cement-shareholding), 2023-12-05: "China National Building Material (CNBM) plans to rearrange shareholding in Sinoma Cement between its subsidiaries."

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