Sinoma subsidiary to acquire Wuhai Xishui Cement

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China: Sinoma has announced that its subsidiary Ningxia Building Materials has agreed to acquire a 55% equity interest in Wuhai Xishui Cement held by Xishui Strong Year for a cash consideration of US$43m. Wuhai Xishui Cement is currently owned by Ningxia Building Materials (45%) and Xishui Strong Year (55%).

URL: https://globalcement.com/news/item/1749-sinoma-subsidiary-to-acquire-wuhai-xishui-cement

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