China-Africa Fund

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, a subsidiary of BBMG, agreed to acquire a 40% stake in China-Africa Jidong Building Materials Investment from China-Africa Fund for approximately 200 million yuan, gaining control of Mamba Cement in Tanzania.