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West China Cement (02233.HK) to Acquire Southern Africa Business for Up to USD145 million
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West China Cement (02233.HK) announced that it will acquire a total of 100% equity interest in Afri Sam from ten independent third parties to expand the Groups cement development and footprint in Southern Africa. The maximum cash consideration is 2.5 billion rand (approximately USD145 million or HKD1.126 billion), which will be funded by internal resources and bank borrowings. Afri Sam has an annual cement production capacity of 4.5 million tonnes, annual aggregate production capacity of 5 million tonnes, and annual ready-mixed concrete production capacity of 1.5 million cubic meters. (de/d) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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