China National Materials Group Corporation

The China Securities Regulatory Commission approved the merger between China National Building Material (CNBM) and China National Materials (Sinoma), following earlier approvals from the Anti-monopoly Bureau of the Ministry of Commerce, shareholders, and South Korea's Fair Trade Commission.

China National Building Material (CNBM) and China National Materials (Sinoma) merged to become the world's largest cement maker and cement plant builder. The merger was approved in a shareholders meeting on December 6, 2017.

China National Building Materials' proposed merger with China National Materials (Sinoma) has been approved by the South Korean Fair Trade Commission.

China National Building Materials Group Corp (CNBM) will acquire all shares of China National Materials Group Corp (SINOMA), creating China's largest nonmetal materials manufacturer with total assets of over 550 billion yuan ($84.32 billion). The merger was announced last year and approved by SASAC.

The listed Hong Kong units of China National Building Material Group (CNBM) and China National Materials Group (Sinoma) have agreed to merge, with each Sinoma shareholder receiving 0.85 CNBM shares. The merger follows the parent companies' merger last year.

On August 18, 2017, China National Building Material's 70%-owned subsidiary North Cement agreed to acquire 51% of Mudanjiang North Cement from Jingang Group for CNY 213 million, and 19 subsidiaries of Mudanjiang North Cement for CNY 2.299 billion.

Sino Zimbabwe Cement has secured funding for a $50 million brick and tile manufacturing plant in Gweru, Zimbabwe. The project, a joint venture with the Industrial Development Corporation of Zimbabwe, is expected to create 200 jobs and produce 60 million bricks annually.