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BBMG Unit to Buy Mining Company
BBMG Corporation (02009.HK) subsidiary implements a full acquisition of the Shuangyashan New Era Cement for 0.635 billion yuan.
BBMG Corporation (02009.HK) announced that its subsidiary, Tangshan Jidong Cement, has entered into an Equity Transfer agreement to acquire 100% equity of Shuangyashan New Era Cement from an independent third party. The latter has a 4000t/d cement clinker production line in the Lingdong District of Shuangyashan City, Heilongjiang Province, with an annual production capacity of 2.6 million tons of cement grinding station and a supporting 9MW waste heat power generation system. The cash consideration is 0.635 billion RMB, which will be provided from internal resources.
Tangshan Jidong Cement Chair Resigns
Express News | Tangshan Jidong Cement: Chairman Kong Qinghui has resigned.
Express News | bbmg corporation: The holding subsidiary plans to acquire 100% equity of Wenxi Commercial Concrete and Yuncheng Commercial Concrete for 71.1335 million yuan.
Express News | BBMG Corporation: Subsidiary tangshan jidong cement intends to acquire 100% equity of Shuangyashan Cement for 0.635 billion yuan