China National Building Materials (CNBM)

China National Building Materials (CNBM) plans to increase its stake in Tianshan Cement to 88% from 46%. Tianshan Cement will acquire China United Cement, Sinoma Cement, and majority stakes in Southwest Cement and South Cement. Tianshan Cement also agreed to buy Jiangxi Wannianqing Cement's 1.3% stake in South Cement for US$96.0m.