China National Building Material Co. Forms Strategic Joint Venture

China National Building Material Co (DE:D1Y) has released an update.

China National Building Material Co. has announced the creation of a joint venture with Sinoma Handan, NRDI, BNBM, and Buckfon Industrial in Handan, Hebei Province, to leverage local solid waste materials for producing rock fiber boards. The joint venture, with a registered capital of RMB80 million, reflects strategic moves to utilize the ‘retreat from the city to the suburbs’ policy, integrating advanced technology for sustainable industrial production. This development is exempt from requiring shareholder approval under specific listing rules, though it remains subject to announcement and reporting requirements.

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