Western construction to invest 20 million to acquire 100% stake in cement company

NetEase Finance January 18 News of the Western construction of the evening issued a notice, the company acquired Jimsar County Tianyu Huaxin Cement Development Co., Ltd. 100% of the equity, the transfer price of equity is determined to 20 million yuan. January 17, 2011, the Western Construction Board of Directors considered the adoption of the "on the acquisition of Jimsar County Tianyu Huaxin Cement Development Co., Ltd. 100% stake in the motion," agreed with the natural person Chen Xilo, Chen Genle, Wen Feng signed an Equity transfer agreement, the acquisition of Tianyu Huaxin 100% Equity,　　The transfer price of equity is fixed at RMB 20 million. Western Construction, said the company can be acquired through the acquisition of Tianyu Huaxin Company, in order to quickly enter the field of cement production and sales.　　The company's good platform advantages, technical strength and management experience make the company in the acquisition of Tianyu Huaxin Company can quickly carry out the construction of cement production lines to promote the company's sustainable development, in line with the company's strategic development planning.　　The announcement shows that the assignor gives up the preemptive right, and the source of this transaction is the western construction of its own funds. As of January 18 closed, the construction of the West reported 19.16 Yuan, down 1.14%.