BBMG shares 2.6 billion yuan expansion of the four major sectors

Hong Kong listed Companies Gold Shares June 1 announced, the company's board of directors through a total of 2.65 billion yuan of 18 enterprises equity and asset acquisition, the acquisition of equity and assets, including Yanshan Cement, Longshunchen, Beijing Asia New, Wissenhei, BBMG Dacheng and many other companies, involving cement, new building materials, Real estate development and investment properties and other industries.　　About 70% of the funds are for the purpose of paying for the new land reserve and investment property projects. It is noteworthy that the company said that the total amount of the acquisition of about 70% will be used to pay for the new Beijing Industrial Land Reserve and investment property projects, will be the company's key areas of the new Land reserve area of about 2.2 million square meters, industrial land will be part of the company's future real estate development reserves. One of the Yanshan cement plot covers an area of about 320,000 square meters, planning area of 600,000 square meters, the near future will enter the substantive development stage.　　Through the acquisition, the company will be added to the Beijing-owned property area of about 113,000 square meters, the company's ownership of the total area of property will be more than 700,000 square meters. BBMG shares parent company of the company is a a-share listed companies too cement actual control. BBMG shares business scope mainly for cement, new building materials, real estate development, property Investment Management 4 major sectors. BBMG shares said that the acquisition of the company's 4 major sectors have a gain. Among them, the company spent about 500 million yuan to acquire cement-related equity and assets. This will enable its cement business to increase the annual output of about 900,000 tons, the new concrete business of about 4 million cubic meters of annual production capacity, the mine reserves of about 120 million tons, further enhance the company in the Bohai Rim regional market control. The company's acquisitions of Long-shun and Beijing will expand the new building materials sector. The company is also ready to use the acquisition of a new Beijing Asia 380,000 square meters of land for the Beijing Golden corner of modern materials industrial park in the future development. In addition, the company completed the Wissenhei, Bbmg Dacheng, BBMG Hongye and other companies after the acquisition of the company will expand property investment and management business opportunities.