A multi-investment layout of green pine construction in Xinjiang

The construction of Ching Chung (600425) announced a number of foreign investment issues, expanding the regional market in Xinjiang layout. The company board of Directors agreed with the Xinjiang Construction Corps Agriculture 12 Division state-owned Assets Management Co., Ltd. jointly established Xinjiang Pine Xishan Building Materials Co., Ltd., registered capital of 400 million yuan, The construction of a new dry cement production line (12MW pure low-temperature heat power) for 6000 tons of clinker was built in the Xishan Industrial Park of Bingtuan Agriculture 12 division.　　Xinjiang Pine Building Materials Chemical (Group) Co., Ltd. Capital investment of 280 million yuan, holding 70%, Xinjiang Construction Corps Agricultural 12 Division state-owned assets Operation Limited liability company to invest 120 million yuan, shareholding 30%.　　The company believes that the Nissan 6000 tons of new dry cement production line after the implementation, will become the company's new benefit growth point, the company in Xinjiang Changji area business expansion and future benefits have long-term impact. The company also announced that the company's board of directors agreed with the Xinjiang Corps and the 13 Corps farmers, Xinjiang Corps of Agricultural Three division power company, Xinjiang Pine Cement Co., Ltd. signed "Xinjiang Pine Cement Limited liability company to increase capital and expand the share agreement",　　The company funded 72,648,650 yuan, the pine cement to increase the share of capital expansion, after the expansion of the stock, the Green Pine Cement registration of 265 million yuan, the company's shareholding ratio of 88.924%.　　The company said that the investment will improve the structure of the assets and liabilities of the pine Cement, accelerate the subsidiary of Xinjiang Five ditch Pine Building Materials Co., Ltd. 1 million tons of cement grinding station construction, for the sound management of pine cement and operation scale of further expansion to provide protection, to consolidate the company in the north of the market. At the same time, the company also invested 20 million yuan in the acquisition of Xinjiang Western Construction Co., Ltd. of the western region of Kashi West Construction Limited Liability company 40% of the equity, to the company as the main construction annual output of 600,000 square concrete mixing plant. This equity stake will help the company expand its cement market share in Kashgar.