Tangshan Jidong Cement Co.,Ltd. (SZSE:000401) agreed to acquire 60% stake in China-Africa Jidong Building Materials Investment Co., Ltd. from China-Africa Development Fund for CNY 300 million on April 26, 2024. The consideration consists of CNY 300.19 million in cash. The deal has been approved by the Borad of Directors of Tangshan Jidong Cement Co.,Ltd.

Tangshan Jidong Cement Co.,Ltd. (SZSE:000401) completed the acquisition of 60% stake in China-Africa Jidong Building Materials Investment Co., Ltd. from China-Africa Development Fund on June 18, 2024.