Tangshan Jidong Cement Co.,Ltd. (SZSE:000401) agreed to acquire 40% stake in China-Africa Jidong Building Materials Investment Co., Ltd. from China-Africa Development Fund for CNY 200 million on April 29, 2024. The consideration consists of CNY 200.1 million in cash. The consideration will be paid in the following manner: 50% within 5 working days from the effective date of the Equity Transfer Agreement and remaining 50% within 5 working days from the date of completion of change registration.

Tangshan Jidong Cement Co.,Ltd. (SZSE:000401) completed the acquisition of 40% stake in China-Africa Jidong Building Materials Investment Co., Ltd. from China-Africa Development Fund for CNY 200 million on June 18, 2024. The deal has been approved by the Borad of Directors of Tangshan Jidong Cement Co.,Ltd.