On March 20, Ningxia Building Materials issued a "Progress Announcement on the Disclosure of Major Asset Restructuring Plans", which shows that Ningxia Building Materials Group Co., Ltd. intends to absorb and merge China Construction Information and raise matching funds by issuing shares to all shareholders of China Building Materials Information Technology Co., Ltd. At the same time, Xinjiang Tianshan Cement Co., Ltd. intends to acquire the controlling rights of cement and other related business subsidiaries of Ningxia Building Materials and the trademarks and other assets involved in cement and other related business by means of cash capital increase.
The announcement is as follows: