Listing price 200 million! Transfer of 51% equity of China United Cement's enterprises

On April 21, information from the Beijing Property Exchange showed that 51% of the shares of Xin'an Zhonglian Wanji Cement Co., Ltd. held by China United Cement Group Co., Ltd. were listed for transfer at a base price of about 200 million yuan.

Data show that the major shareholder of Xin'an Zhonglian Wanji Cement Co., Ltd. is China United Cement Group Co., Ltd., with a 51% shareholding ratio, and the second largest shareholder is Tianrui Cement Group Co., Ltd., with a 49% shareholding ratio.

Xin'an Zhonglian Wanji Cement Co., Ltd. is located in the industrial cluster area of Xin'an County, Luoyang City, Henan Province, with a 2500t/d cement clinker production line and a 4500t/d cement clinker production line. In 2024,

Xin'an Zhonglian Wanji Cement Co., Ltd. will have an operating income of 22.3067 million yuan, an operating profit- 14339 of 0.21 million yuan, a net profit- 18686 of 0.79 million yuan, a total debt 83828 of 0.78 million yuan and a net asset 19471 of 0.27 million yuan.