Tianshan shares terminated the acquisition of Ningxia building materials cement business

2024-08-12 09:46:54

Tianshan shares announced in the evening of August 9 that due to the long duration of the transaction and certain fluctuations and changes in the macro-environment and the industrial environment, the company decided to terminate the transaction of acquiring the controlling rights of the cement and other related business subsidiaries held by the related party Ningxia Building Materials and the trademarks and other assets involved in the cement and other related businesses.

Tianshan shares announced in the evening of August 9 that due to the long duration of the transaction and certain fluctuations and changes in the macro-environment and the industrial environment, the company decided to terminate the transaction of acquiring the controlling rights of the cement and other related business subsidiaries held by the related party Ningxia Building Materials and the trademarks and other assets involved in the cement and other related businesses.

Tianshan shares also announced that the company's actual controller, China Building Materials Group, and the controlling shareholder, China Building Materials Group, are actively studying and demonstrating other integration schemes for enterprises related to the basic building materials sector, and plan to promote them when conditions are ripe.

China National Building Material Group and China National Building Material Co., Ltd. intend to postpone the undertaking made in December 2017 to avoid competition with Xinjiang Tianshan Cement Co., Ltd.

All can be viewed after purchase
Correlation

Tianshan shares announced in the evening of August 9 that due to the long duration of the transaction and certain fluctuations and changes in the macro-environment and the industrial environment, the company decided to terminate the transaction of acquiring the controlling rights of the cement and other related business subsidiaries held by the related party Ningxia Building Materials and the trademarks and other assets involved in the cement and other related businesses.

2024-08-12 09:46:54

Among the top 500 Chinese enterprises in 2025, the number of enterprises with revenue exceeding 100 billion yuan was 267, an increase of 14 over the previous year, and the proportion of 100 billion yuan enterprises reached 53.4%. In 2024, the "Top 500" enterprises achieved a business income of 110.15 trillion yuan, and the total scale maintained a growth trend compared with the previous year; the average R & D intensity of the listed enterprises increased for 8 consecutive years, reaching a new high of 1.95%; the number of state-owned enterprises and private enterprises maintained a basically balanced pattern, with 251 and 249 respectively.