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Article: CHINA NATIONAL BUILDING MATERIAL TO ESTABLISH CEMENT ARM

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AsiaInfo Services
Article date:
March 9, 2009
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AsiaInfo Services
03-09-2009
China National Building Material to Establish Cement Arm

BEIJING, Mar 09, 2009 (SinoCast Daily Business Beat via COMTEX) -- China National Building Material Co., Ltd. (SEHK: 3323) will further explore the eastern Chinese market via a new cement subsidiary, citing the Hong Kong listed company's latest announcement.

The new company is designed to have a total registered capital of CNY 1 billion, of which CNY 450 million, CNY 450 million, and CNY 100 million will come from China National Building Material, Liaoyuan Jingang Cement (Group) Ltd., and Beijing Hony Future Investment Advisor Ltd., respectively.

The JV will be created as the one with an annual cement ...

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