An announcement from Huaxin Cement Co., Ltd. Class H ( (HK:6655) ) is now available.
Huaxin Cement Co., Ltd. has completed the acquisition of 100% equity interest in ITATUBA PARTICIPAÇÕES LTDA and 40% equity interest in EMBU S.A. ENGENHARIA E COMÉRCIO. This transaction, finalized on March 17, 2025, for an initial consideration of USD 176.9 million, will see the financial results of these companies consolidated into Huaxin’s financial statements, potentially strengthening its market position and operational capabilities.
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, operating in the cement industry. The company is involved in the production and sale of cement and related products, focusing on expanding its market presence through strategic acquisitions.
YTD Price Performance: 16.60%
Average Trading Volume: 861,528
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$25.05B
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