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Huaxin Cement Co., Ltd. Class H ( (HK:6655) ) has issued an announcement.
Huaxin Cement Co., Ltd. announced a disclosable transaction involving the acquisition of 100% of the shares of Target Company A and 40% of Target Company B. The valuation of Target Company B, mainly based on its significant mineral reserves and strong profitability, was set at an enterprise value of USD 182 million, with a total purchase price of USD 186.6 million, including net cash adjustments. The company believes this acquisition aligns with its strategic interests and offers promising business prospects, enhancing its industry positioning and benefiting its shareholders.
More about Huaxin Cement Co., Ltd. Class H
Huaxin Cement Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, primarily operating in the building materials industry. The company focuses on the production and sale of cement products, with a particular emphasis on expanding its market presence in Latin America.
YTD Price Performance: -1.79%
Average Trading Volume: 1,041,326
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$22.64B
For detailed information about 6655 stock, go to TipRanks’ Stock Analysis page.