Brief: China National Building Material Says Transaction For Capital Contribution To Sinoma Cement

China National Building Material

04/12/2023 15:49

Dec 4 (Reuters) - China National Building Material Co
Ltd  3323.HK :
    * TRANSACTION IN RELATION TO CAPITAL CONTRIBUTION TO SINOMA
CEMENT
BY SINOMA INTERNATIONAL
    * UNDER FIRST CAPITAL CONTRIBUTION, SINOMA INTERNATIONAL
WILL
SUBSCRIBE FOR RMB1,235.52 MILLION
    * UNDER SECOND CAPITAL SUBSCRIPTION, TIANSHAN CEMENT AND
SINOMA
INTERNATIONAL WILL SUBSCRIBE FOR RMB6,911.2 MILLION
    * SINOMA INTERNATIONAL AGREED TO MAKE FIRST CAPITAL
CONTRIBUTION
TO SINOMA CEMENT IN CASH
    * TIANSHAN CEMENT & SINOMA INTERNATIONAL AGREED TO MAKE
SECOND
CAPITAL CONTRIBUTION TO SINOMA CEMENT PRO RATA IN CASH
    * UPON COMPLETION OF CONTRIBUTIONS, TIANSHAN CEMENT WILL
HOLD 60%
STAKE IN SINOMA CEMENT
    * REGISTERED SHARE CAPITAL OF SINOMA CEMENT WILL INCREASE
FROM
RMB1,853.28 MILLION TO RMB3,088.80 MILLION


Further company coverage:  3323.HK 

 ((Reuters.Briefs@thomsonreuters.com;))