公告称，股份收购符合公司战略，亦符合天山股份国际化发展规划。CNBM (03323) announced that on July 26, 2024, Sinoma Cement (a wholly-owned subsidiary of the company) entered into a share purchase agreement with Votorantim Cimentos. Votorantim Cimentos agreed to sell all the shares of Société Les Ciments de Jbel Oust to Sinoma Cement for a total consideration of approximately 0.13 billion US dollars (subject to certain adjustments).
After the share acquisition and delivery, the target company and its subsidiary GJO will become the indirectly owned subsidiaries of the company. As of the date of this announcement, the target company and GJO are mainly engaged in the production of cement and aggregate.
After signing the share purchase agreement and before delivery, Sinoma Cement intends to transfer all or part of its rights and obligations under the share purchase agreement to a special purpose company to be established in the United Arab Emirates (UAE SPV).Sinoma Cement (through its wholly-owned subsidiary Sinoma Cement Hong Kong) intends to hold over 50% of the equity of UAE SPV, and other investors intend to hold the remaining equity. Sinoma Cement intends to complete the intended transfer before delivery, so that the target company will be wholly owned by UAE SPV (which intends to become a wholly-owned subsidiary of the company) at the time of delivery.
The announcement stated that the share acquisition is in line with the company's global strategy and also with Xinjiang Tianshan Cement's international development plan.
