West China Cement Expands Stake in CILU with New Acquisition

The latest announcement is out from West China Cement ( (HK:2233) ).

West China Cement Limited has announced a discloseable transaction involving the acquisition of additional equity interests in Cimenterie de Lukala SA (CILU). The transaction, which involves WIH Cement, a wholly-owned subsidiary of West China Cement, acquiring 134,105 shares from IFC, represents 7.75% of CILU’s issued share capital for a consideration of USD6 million. This acquisition is part of a series of transactions aimed at consolidating West China Cement’s stake in CILU, aligning with its strategic growth objectives in the cement industry. The transactions are subject to regulatory requirements under the Hong Kong Stock Exchange’s Listing Rules, highlighting the company’s commitment to compliance and transparency.

More about West China Cement

West China Cement Limited is a company incorporated in Jersey, primarily engaged in the production and distribution of cement. It operates within the construction materials industry, focusing on expanding its market presence through strategic acquisitions.

Average Trading Volume: 39,854,541

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$8.58B

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