, Huaxin Cement answered questions of concern to investors on the investor relations platform.
Some media said that the Nigerian Senate issued an emergency directive requiring the Public Procurement Bureau to immediately suspend the sale of Lafarge Cement Co., Ltd. to Chinese enterprises? Can company introduce the current progress of the acquisition?
Huaxin Cement replied that the acquisition of Holcim's Nigerian assets by our company has been approved by the shareholders'meeting of the company, and must be approved by the National Development and Reform Commission and the Ministry of Commerce, complete the foreign exchange registration with the State Administration of Foreign Exchange of China, and obtain the approval of the Federal Competition and Consumer Protection Commission of Nigeria. After the completion of the project, our company will fulfill the disclosure obligations in a timely manner in accordance with the requirements of the information disclosure rules.