Displaying items by tag: Yunnan Kunming Iron & Steel Building Materials Group Co
China Resources Cement to pay US$237m for 40% stake in Yunnan Kunming Iron & Steel Building Materials
15 September 2015China: China Resources Holdings has agreed to pay US$237m for a 40% stake in Yunan Province-based cement producer Yunnan Kunming Iron & Steel Building Materials Group Co in a bid to lift production capacity, according to Dow Jones. Yunnan Kunming Iron & Steel Building Materials Group Co is currently a 100% owned unit of state-owned Kunming Iron & Steel Holding Co Ltd. China Resources plans to fund the investment via internal resources and bank borrowing, it said.
Published in
Global Cement News