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Huaxin cement to buy 80% stake in Jinlong Cement

Source: Internet
Author: User
Keywords Equity Cement
Tags based company integration it is located in market registered capital
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Based on the company's market integration strategy, Huaxin Cement (600801) board passed a motion on acquiring 80% stake in Hubei Jinlong Cement Co., Ltd., which is located in Shiyan County, Hubei province.　　Company registered capital of 80 million yuan, Shaanxi Jinlong Cement Co., Ltd., a wholly owned subsidiary. It is reported that Jinlong company's existing two new dry clinker cement production line. The first D dry cement production line was completed in July 2005, and the second line 4000t/d production lines were ignited and put into production on September 16, 2009. Two production lines supporting the construction of 10 MW waste heat power generation project under construction.

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