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Tian an 200 million yuan purchase Allied cement business

Source: Internet
Author: User
Keywords Cement Allied
Tags application business business to continue cost distribution group operating
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Tian an announced that, at a total cost of 200 million yuan, to the Allied Cement (01060-HK) acquisition of cement and clinker production and distribution companies, the expected transaction can expand the scope of the group's business to China's manufacturing and distribution of construction materials to expand its revenue source.　　Allied Cement said that the sale will be recorded loss of $195 million, the proceeds from the sale of items to be used to repay the loan, the opportunity to invest in the event, or the general operating capital of the group, and sales, the Allied cement will continue to carry out the cement and clinker products distribution business. Tian An and the Allied cement application this morning.

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