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

2026-01-05 14:32:13

On January 4, Shangfeng Cement announced the termination of the capital increase and asset acquisition of Ningbo Project Subsidiary.

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.

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Correlation

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 the termination of the capital increase and asset acquisition of Ningbo Project Subsidiary.

2026-01-05 14:32:13

CEMPI

102.01

+1.6 +1.59%

CONCPI

86.65

-0.03 -0.03%

CLKPI

105.00

+2.12 +2.06%

SPPI

41.98

+0.35 +0.84%

MORPI

71.83

0.00 0.00%

Jiangxi Provincial Department of Industry and Information Technology: Implementation Rules for Abolishing Capacity Replacement of Cement and Glass Industry in Jiangxi Province

On October 13, the Office of Industry and Information Technology of Jiangxi Province announced that due to the revision of the policy of capacity replacement in the cement and glass industry by the Ministry of Industry and Information Technology, the Office of Industry and Information Technology of Jiangxi Province decided to abolish the Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province (Gongxin Regulation No.2024) from the date of issuance of the notice, and to abolish the "Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province". The capacity replacement of cement and glass industry in the whole province will be handled in accordance with the relevant policies of the Ministry of Industry and Information Technology in the future.