# Jidong Cement plans to acquire Shuangyashan New Era Cement for 635 million yuan

Beijing Jinyu Group announced that its holding subsidiary Jidong Cement plans to acquire 100% equity of Shuangyashan New Era Cement Co., Ltd. for an assessed value of 635 million yuan.

- Type: Acquisition
- Announced: 2024-12-06
- Where: China
- Value: $88.0M (635.0M CNY)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Jidong Cement](https://endata.com/companies/29064.md) (acquirer)
- [Shuangyashan New Era Cement](https://endata.com/companies/81699.md) (target)
- [Liaoning Jinzhong New Materials Industry Group](https://endata.com/companies/82313.md) (acquirer)
- [Liaoning Hengwei Cement Group](https://endata.com/companies/82314.md) (target)
- [Liaoyang Hongguang Mining](https://endata.com/companies/82315.md) (target)
- [Benxi Yongxing New Building Materials](https://endata.com/companies/82316.md) (target)

## Sources

- [ysfrit.com](http://www.ysfrit.com/news/over-706-million-jidong-cement-plans-to-acqui-83263033.html), 2024-12-11: "Jidong Cement plans to acquire 100% equity of Shuangyashan New Era Cement Co., Ltd. for an assessed value of 635 million yuan."
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1237640.html), 2025-01-14: "本次交易完成后上述公司成为辽宁金中的全资子公司、控股子公司，公司通过控股子公司辽宁金中获得恒威水泥100%股权、本溪永星100%股权及弘光矿业70%股权。"

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