CNBM: Sinoma International completes acquisition of 100% equity interest in Hefei Institute

2023-03-02 09:29:30

CNBM has issued an announcement in relation to the acquisition of 100% equity interest in Hefei Institute by Sinoma International Engineering Co., Ltd. (Sinoma International), an A-share listed subsidiary of CNBM, by issuing 367 million shares to China National Building Materials Research Institute. As at the date of this announcement, the transfer of the Subject Equity Interest to Sinoma International has been completed.

In addition, the registration of approximately 367 million Consideration Shares issued by Sinoma International pursuant to the Acquisition and the Deemed Disposal has been completed at the Shanghai Branch of China Securities Depository and Clearing Corporation Limited on 28 February 2023, and such Consideration Shares will be listed on the Shanghai Stock Exchange on the next trading day following the expiry of the lock-up period.

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Correlation

CNBM: Sinoma International completes acquisition of 100% equity interest in Hefei Institute

2023-03-02 09:29:30

CEMPI

102.01

+1.6 +1.59%

CONCPI

86.65

-0.03 -0.03%

CLKPI

105.00

+2.12 +2.06%

SPPI

41.98

+0.35 +0.84%

MORPI

71.83

0.00 0.00%

The Impact of AI Bubble on the Real Estate and Cement Industry in the United States and China

The AI bubble in the United States is at a high level of volatility, and there is a risk that it will soon burst. The leading semiconductor companies in South Korea and Taiwan, China, have pulled back sharply. The bursting of the bubble is obviously bad for the real estate in the United States, which will bring about the adjustment of housing prices and construction demand; for the real estate in China, which is already at the bottom, it will open up the space for policy easing and bring structural repair opportunities. In the cement industry, China should seize the weak recovery window of real estate to promote joint restructuring and improve the profitability of the industry; overseas investment should not blindly build new projects to avoid the impact of global demand caused by the bursting of the AI bubble, and wait patiently for the bubble to clear and the real application scenarios of AI to erupt before choosing.