China Resources acquires stakes
According to local reports, China Resources Cement Holdings has acquired stakes in four cement companies for a total of 406 million yuan.
In addition to three stakes worth 10% each in Guangzhou Yubao Cement, Yuesheng Concrete and Yuequn Concrete, the company has also purchased a 29% stake in Zhujiang Cement.
If the transactions go ahead, China Resources Cement Holding will possess a 64.5% stake in Zhujiang Cement, as well as 55% stakes in the other three companies.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/25012011/china_resources_acquires_stakes/
You might also like
Cemex to divest its operations in the Philippines
Cemex has announced that its subsidiary, Cemex Asia B.V., has signed an agreement with DACON Corporation, DMCI Holdings, Inc. and Semirara Mining & Power Corporation for the sale of its operations and assets in the Philippines.
