2024, BBMG Group held the seventh meeting of the seventh board of directors, deliberated and adopted the Bill on the Acquisition of 100% Equity of Wenxixin Haitian Concrete Co., Ltd. and 100% Equity of Yuncheng Haixin Haitian Concrete Co., Ltd.
Wenxi Company intends to acquire 100% equity of Wenxi Business Mixed and 100% equity of Yuncheng Business Mixed held by Shanxi Xinhaitian Industrial Co., Ltd. in cash, and sign the Equity Transfer Agreement respectively, with a total transaction consideration of 71.1335 million yuan. After the completion of the transaction, Wenxi Company acquired 100% equity of Wenxi Commercial Mixed and Yuncheng Commercial Mixed.
Through this acquisition, Jinyu Group has further improved its commercial mixing layout in southern Shanxi, and promoted the coordinated development of the industrial chain and the integrated market strategy of cement + aggregate + commercial concrete. Jidong Cement extends its commercial concrete business, relying on the advantages of the existing cement and aggregate industry chain, to build a "cement +" integrated industrial system, enhance the market control and influence of the company's cement business in the southern Shanxi region, further enhance the market share of products, and stabilize the profit base of the main cement industry.
