West China Cement Ltd. Announces Disposal of Companies and Assets in Xinjiang to Strengthen Financial Position

Reuters
06-25
<a href="https://laohu8.com/S/WCHNF">West China Cement Ltd.</a> Announces Disposal of Companies and Assets in Xinjiang to Strengthen Financial Position

West China Cement Ltd. has announced significant developments in its business operations. The company has entered into two major agreements involving the disposal of companies and assets in Xinjiang. In the first transaction, Vendor A has agreed to sell its entire equity interest in certain target companies to the Purchasers for RMB398 million, with the final amount subject to adjustments. Furthermore, in a separate transaction, Vendor B, with Vendor A as guarantor, has agreed to sell Assets B to Asset Purchaser B for RMB161.5 million, also subject to adjustments. The Purchasers plan to establish a joint venture in Yutian County, Xinjiang, for acquiring these assets, with Purchaser A and Purchaser B holding 90% and 10% equity interest, respectively, in the investment vehicle.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. West China Cement Ltd. published the original content used to generate this news brief on June 25, 2025, and is solely responsible for the information contained therein.

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