Jidong Cement to buy 40% stake in China-Africa Jidong Building Materials Investment

Jidong Cement, a subsidiary of Jinyu Group, agreed to purchase a 40% stake in China-Africa Jidong Building Materials Investment from the China-Africa Fund for approximately RMB 200.1 million. The target company holds a stake in Mamba Cement in Africa.

“Jidong Cement conditionally agreed to buy and China-Africa Fund was conditional to sell its underlying shares (that is, 40% of the shares of the target company to be purchased by Jidong Cement under the share transfer agreement).”news.futunn.com

• 1 source
• news.futunn.comJinyu Group (02009.HK): Jidong Cement plans to purchase 40% of China-Africa Jidong Building Materials Investment for 2000.1 million yuanApr 30, 2024

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