China Tianrui Group Cement is reported to have cancelled its plan to acquire 100% stake in China-based Henan Yongan Cement from Tianrui Group. Tianrui Cement entered into an agreement on 9 September 2015 with Tianrui Group to buy 100% stake in Yongan Cement for CNY 842.02 million (€115.91 million/US$129.42 million). Tianrui Cement reserves the right to make the acquisition again in the future.
China Tianrui Group Cement is reported to have cancelled its plan to acquire 100% stake in China-based Henan Yongan Cement from Tianrui Group.
Tianrui Cement entered into an agreement on 9 September 2015 with Tianrui Group to buy 100% stake in Yongan Cement for CNY 842.02 million (€115.91 million/US$129.42 million).
Tianrui Cement reserves the right to make the acquisition again in the future.
