State-owned Assets Intend to Control Dongwu Cement

2025-09-19 14:05:10

After the completion of the equity restructuring, Dongwu Cement will be transformed from the original private holding to a mixed ownership enterprise dominated by state-owned capital and governed by multiple shareholders. The optimization of the ownership structure will significantly enhance the level of corporate governance and the ability of resource integration, and inject new impetus into the future development.

Recently, Dongwu Cement announced that the company's controlling shareholder, Goldview Development Limited (hereinafter referred to as "Goldview"), had signed an agreement. It will sell part of its shares to Port and Shipping Group (Hong Kong) Investment Co., Ltd. (Hereinafter referred to as "Port and Shipping Hong Kong") and Suzhou Fenyuan Capital Management Co., Ltd. If the transaction is completed, Hong Kong will officially become the largest shareholder with a 28% shareholding ratio, and Fenyuan Capital will become an important strategic shareholder with a 9% shareholding ratio.

It is understood that the port and shipping Hong Kong is the overseas capital operation platform of Suzhou Port and Shipping Investment Development Group Co., Ltd., and the actual controller is Suzhou SASAC; Fenyuan Capital is wholly owned by Suzhou Fenhu Investment Group Co., Ltd., which is the core platform of Fenhu High-tech Industrial Development Zone Management Committee. After the completion of the

equity restructuring, Dongwu Cement will be transformed from the original private holding to a mixed ownership enterprise dominated by state-owned capital and governed by multiple shareholders. The optimization of the ownership structure will significantly enhance the level of corporate governance and the ability of resource integration, and inject new impetus into the future development.

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Correlation

State-owned Assets Intend to Control Dongwu Cement

After the completion of the equity restructuring, Dongwu Cement will be transformed from the original private holding to a mixed ownership enterprise dominated by state-owned capital and governed by multiple shareholders. The optimization of the ownership structure will significantly enhance the level of corporate governance and the ability of resource integration, and inject new impetus into the future development.

2025-09-19 14:05:10

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Jiangxi Provincial Department of Industry and Information Technology: Implementation Rules for Abolishing Capacity Replacement of Cement and Glass Industry in Jiangxi Province

On October 13, the Office of Industry and Information Technology of Jiangxi Province announced that due to the revision of the policy of capacity replacement in the cement and glass industry by the Ministry of Industry and Information Technology, the Office of Industry and Information Technology of Jiangxi Province decided to abolish the Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province (Gongxin Regulation No.2024) from the date of issuance of the notice, and to abolish the "Rules for the Implementation of Capacity Replacement in the Cement and Glass Industry of Jiangxi Province". The capacity replacement of cement and glass industry in the whole province will be handled in accordance with the relevant policies of the Ministry of Industry and Information Technology in the future.