January 14, Jidong Cement announced that Liaoning Jinzhong New Material Industry Group Co., Ltd., a holding subsidiary of the company, intends to acquire the shares of Liaoning Hengwei Cement Group Co., Ltd. and its affiliated enterprises.
The transaction includes the acquisition of 100% equity of Hengwei Cement, 70% equity of Hongguang Mining and 100% equity of Benxi Yongxing, with a total transaction price of 428 million yuan.
Specific evaluation data show that as of August 31, 2024, the pre-evaluation value of shareholders'rights and interests of Hengwei Cement is 309 million yuan, that of Hongguang Mining is 59.69 million yuan, and that of Benxi Yongxing is 59.73 million yuan. Located in Lujia Village, Luodatai Town, Wensheng District, Liaoyang City
, Hengwei Cement has a 4,000t/d cement clinker production line, a 9MW waste heat power generation system, an annual cement grinding capacity of 2.2 million tons, and a limestone resource reserve of 65,234,200 tons.
The announcement said that Hengwei Cement is close to Shenyang, has abundant limestone resources and complete industrial chain layout, has certain location and cost advantages, and as the chairman unit of Liaoning cement industry, has a strong influence in the industry, and is one of the key factors for the coordinated development of the cement industry in the three eastern provinces. It is economically feasible for
Liaoning Jinzhong to acquire Hengwei Cement and its affiliated enterprises. At the same time, it is also in line with the company's strategic layout of Beijing-Tianjin-Hebei as the core, North China as a whole, Northeast and Northwest as two wings, which is conducive to further strengthening and optimizing the company's main cement industry, further implementing the requirements of anti-involution competition, and is expected to promote the overall efficiency of the regional industry. In turn, it will facilitate the high-quality development of the Beijing-Tianjin-Hebei region, the core market of the Company.
It is understood that just one month ago, Jidong Cement acquired 100% equity of Shuangyashan New Age Cement Co., Ltd. for 635 million yuan.
