BBMG Corporation (02009) announced that on December 13, 2024, the buyer Tangshan Jidong Cement (a non-wholly-owned subsidiary of the company), the seller, and the symbol company Shuangyashan New Era Cement will enter into an Equity Transfer agreement, whereby the buyer conditionally agrees to acquire and the seller conditionally agrees to sell 100% of the equity of the symbol company, for a total consideration of 0.635 billion yuan.
Upon completion of the acquisition, the symbol company will become an indirect non-wholly-owned subsidiary of the company.
