Huaxin Cement to buy cement companies for US$ 83 million

摘要

Huaxin Cement, a Shanghai-listed cement manufacturer, has plans to acquire a 70 % stake in two separate cement companies located in Hubei Province at a combined price of US$ 83 million, according to sources reported by China Business Newswire. Huaxin Cement said that the acquisition will increase its competitiveness in the local cement market.