Displaying items by tag: Jidong Cement

Jidong Cement plans to buy into Jilin Yatai

23 May 2014

China: Tangshan Jidong Cement plans to acquire about 108.48 million additional shares in Jilin Yatai Group for US$60.3m, at US$0.56/share. After that, Jidong Cement will hold less than a 5% stake in Jilin Yatai. Jidong Cement said that the capital source of the external investment was a self-owned one and that the deal would not affect its 2014 operations.

Published in Global Cement News

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