China's building materials rise 1% boosted by takeover expansion

Source: Internet
Author: User
Keywords Equity action cement
This year, the capital expenditure budget has increased by more than tens of billions of Chinese building materials in the early trading this morning after a small build, the share price opened 0.9% to 15.76 Hong Kong dollars, 19,000 shares. or boosted by its latest move to expand its stake in the parent company's cement company. The company announced that it had successfully labeled the parent company's stake in 10 cement companies at a cost of RMB 750 million, with a total of about 11.49 million tonnes of cement production, saying it would boost its competitive position in the South East cement market.
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