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CICC's outlook for the construction Industry in 2025: Seeking stability and progress.
Focus on the centrally-owned construction enterprises with relatively stable fundamentals, which benefit from the new regulations on debt reduction and Market Cap management.
[Brokerage Focus] Tianfeng maintains a "Buy" rating on WESTCHINACEMENT (02233) stating that the company's cement production capacity layout continues to expand.
Jingwu Financial News | Tianfeng issued a Research Report stating that WESTCHINACEMENT (02233) announced on January 27 that it plans to spend 3.7 million USD (28.86 million HKD) to acquire a 91.02% stake in CILU. The company's wholly-owned subsidiary WIHCement (the buyer) and HM Seller Group (the seller), HMAG and the company have established a stock purchase agreement, while WIHCement has also reached an internal debt transfer agreement involving 0.116 billion USD with other relevant parties. After comprehensive calculations, the enterprise value of the target company (CILU) is 0.12 billion USD, and the 2023 EBITDA is 147.
West China Cement Limited's (HKG:2233) Stock Price Dropped 6.0% Last Week; Retail Investors Would Not Be Happy
Zhitong Hong Kong Stocks Early Insight | Yu Liang resigns as Chairman of the Board of Directors of Vanke (02202), and Xin Jie, Chairman of Shenzhen Metro Group, takes over.
According to the announcement from China Vanke Co.,Ltd., Shenzhen Metro Chairman Xin Jie has been appointed as the Chairman of the Board of Directors of China Vanke Co.,Ltd., while Yu Liang, who has resigned from the position of Chairman of the Board, will serve as the First Executive Vice President of China Vanke Co.,Ltd.
WESTCHINACEMENT (02233.HK) plans to acquire a 91.02% stake in CILU for 3.7 million US dollars.
On January 27, Gelonghui reported that WESTCHINACEMENT (02233.HK) announced that on January 27, 2025, its indirectly wholly-owned subsidiary WIH Cement entered into a share purchase agreement with HM Seller Group, HMAG, and the company, whereby WIH Cement conditionally agreed to acquire, and the HM Seller Group conditionally agreed to sell, 1,574,904 shares of CILU stock (accounting for 91.02% of its issued share capital) for a price of 3.7 million US dollars, subject to customary closing adjustments. On the same day, WIH Cement, the company, HM AG, and Scancem...
Express News | West China Cement - Deal for USD3.7 Mln
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