# Jinyu Group to acquire two concrete companies in Shanxi

Jinyu Group, through its subsidiary Wenxi Company, intends to acquire 100% equity of Wenxi Commercial Mixed and Yuncheng Commercial Mixed from Shanxi Xinhaitian Industrial for a total consideration of 71.1335 million yuan. The acquisition aims to expand its commercial concrete business in southern Shanxi.

- Type: Acquisition
- Announced: 2024-12-11
- Where: southern Shanxi, China, China
- Value: $9.90M (71.1M CNY)
- Status: announced
- Products: commercial concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Jinyu Group](https://endata.com/companies/81674.md) (acquirer)
- [Shanxi Xinhaitian Industrial](https://endata.com/companies/81675.md) (target)
- [Wenxi Commercial Mixed](https://endata.com/companies/81676.md) (target)
- [Yuncheng Commercial Mixed](https://endata.com/companies/81677.md) (target)

## Sources

- [e.ccement.com](https://e.ccement.com/news/content/43899081962175002.html), 2024-12-11: "Through this acquisition, Jinyu Group has further improved its commercial mixing layout in southern Shanxi"

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