Western Cement Terminates Acquisition of a Cement Production Enterprise in Namibia, Africa

2020-09-02 09:28:05

Western Cement terminated the acquisition of the entire issued share capital of Schwenk Namibia and the shareholder's loan in respect of Schwenk Namibia.

West Cement announces that as certain closing conditions under the Sale and Purchase Agreement, including but not limited to the approval of the relevant competition authority, have not been fulfilled prior to the Extended Termination Date, Accordingly, the Company terminated the acquisition of the entire issued share capital of Schwenk Namibia and the shareholder loan in respect of Schwenk Namibia.

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Western Cement terminated the acquisition of the entire issued share capital of Schwenk Namibia and the shareholder's loan in respect of Schwenk Namibia.

2020-09-02 09:28:05

On June 4, the delegation of Hebei Building Materials Industry Association went to Shandong Cement Industry Association to hold a symposium. The two sides conducted in-depth exchanges and practical discussions on common issues such as the current operation characteristics of the building materials industry, changes in the market environment and industrial transformation and upgrading. This visit is a concrete practice of Hebei Association to actively innovate its working methods and serve the healthy development of the industry, aiming at learning from the advanced experience of other provinces and jointly exploring a new path for the high-quality development of the cement industry.