Cement Network Video: There are differences! Shangfeng Cement Terminates Capital Increase and Acquires 1.2 Million Tons of Grinding Index!

On January 4, Shangfeng Cement announced that it would terminate the capital increase and asset acquisition of Ningbo project subsidiary. The company originally planned to increase the capital of Ningbo Shangfeng by 40 million yuan, and through Ningbo Shangfeng to acquire the cement grinding capacity index of Wanhua Building Materials with an annual output of 1.2 million tons and the annual transfer of 600000 tons of superfine powder transfer storage project and other assets, in order to open up the East China market, the total acquisition of assets is more than 72.03 million yuan.

Because the two sides have different opinions on the value and status of the assets to be acquired, they can not reach a consensus in the short term, so the cooperation is terminated. Shangfeng Building Materials transferred its 51% stake in Ningbo Shangfeng for 255,000 yuan and withdrew all its shares, which had no adverse impact on the company's production, operation and financial situation.