# Ningxia Building Materials to absorb China Building Materials Information Technology via share swap

Ningxia Building Materials Group Co., Ltd. plans to absorb China Building Materials Information Technology Co., Ltd. via a share swap and raise matching funds, while its parent China National Building Materials Group commits to selling remaining cement assets to Tianshan Cement within three years.

- Type: Acquisition
- Announced: 2024-01-12
- Where: China
- Status: announced
- Products: cement, cement clinker, concrete, aggregates
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [China National Building Materials Group Corp](https://endata.com/companies/22561.md) (partner)
- [Tianshan Cement](https://endata.com/companies/48814.md) (acquirer)
- [Ningxia Building Materials](https://endata.com/companies/55002.md) (acquirer)
- [China Building Materials Information Technology](https://endata.com/companies/74947.md) (target)

## Sources

- [paper.cnstock.com](https://paper.cnstock.com/html/2024-01/13/content_1866069.htm), 2024-01-13: "本公司承诺，在本次交易完成后3年内，本公司将在符合适用的法律法规、国有资产相关要求和证券监管要求的前提下，通过行使股东权利，推动宁夏建材完成将持有的剩余水泥及水泥熟料、商品混凝土和砂石骨料的制造与销售相关业务出售给天山股份的交易。"

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