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BBMG Corporation's subsidiary intends to acquire 100% equity of Shuangyashan New Era Cement for 0.635 billion yuan.
BBMG Corporation (02009) announced that on December 13, 2024, the buyer Tangshan Jidong Cement (the company's non-wholly owned subsidiary), the seller, and the symbol company Shuangyashan New Era Cement signed an Equity Transfer agreement. The buyer conditionally agrees to acquire, and the seller conditionally agrees to sell, 100% equity of the symbol company for a total price of 0.635 billion yuan. After the acquisition is completed, the symbol company will become the company's indirectly non-wholly owned subsidiary.
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