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BBMG Board OKs Subsidiary's More Than 428-Million-Yuan Stake Acquisitions
BBMG to Buy 90% Stake in Concrete Producer for 34 Million Yuan
BBMG Corporation: Handan BBMG Commercial Concrete intends to acquire 90% of Hongpeng Commercial Concrete's shares for 34.1784 million yuan.
BBMG Corporation (02009) announced that its controlling subsidiary, Handan BBMG Taihang Commercial Concrete Technology Co., Ltd. (referred to as "Handan BBMG Commercial Concrete"), intends to acquire 90% equity of Hongpeng Commercial Concrete Co., Ltd. (referred to as "Hongpeng Commercial Concrete"), held by Hebei Fengfan Trading Co., Ltd. (referred to as "Hebei Fengfan") and Hebei Zhuida Construction Labor Subcontracting Co., Ltd. (referred to as "Hebei Zhuida"), for an assessed value of 34.1784 million yuan. Upon completion of this Trade, Hongpeng Commercial Concrete will become a subsidiary within the company's consolidated financial statements. The commercial concrete market in the Handan area has good prospects and operates steadily.
BBMG Corporation intends to appoint Deloitte Huayong Certified Public Accountants as the audit firm for the financial report and internal control for the year 2025.
BBMG Corporation (02009) announced that the company intends to appoint Deloitte Huayong Certified Public Accountants (Special General Partnership) as the audit institution for the company's financial report and internal control for the year 2025. The term will last until the conclusion of the company's 2025 annual Shareholder meeting.
BBMG Corporation's subsidiary company plans to acquire Hengwei Cement and its affiliated enterprises for 0.428 billion yuan.
BBMG Corporation (stock code 02009) announced that Beijing BBMG Corporation (hereinafter referred to as "BBMG Corporation" or "the Company") intends to acquire a 100% stake in Liaoning Hengwei Cement Group Co., Ltd. (hereinafter referred to as "Hengwei Cement") held by two individual shareholders, Li Yingke and Li Jinhang, through its holding subsidiary, Tangshan Jidong Cement Co., Ltd. (hereinafter referred to as "Tangshan Jidong"). In addition, the acquisition includes the stake held by two individuals, Peng Yaohua and Tang Junzhong, in Liaoyang Hongguang Mining Co., Ltd. (hereinafter referred to as "Hongguang Mining") by using Cash.
According to the Caixin Venture Capital Report: In December 2024, financing in the Carbon Neutrality sector reached 32.404 billion yuan, an increase of over ten times month-on-month, with the photovoltaic sector being the most active.
According to data from CaiLianShe Venture Capital, there were 96 private equity investment and financing events in the domestic Carbon Neutrality sector in December, an increase of 43.28% from 67 events last month; The total disclosed financing amount is approximately 32.404 billion yuan, an increase of 1091.77% from 2.719 billion yuan last month.
Is BBMG (HKG:2009) Using Debt In A Risky Way?
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