Tianshan shares disclosed the results of private placement: Conch Cement was allotted 1 billion yuan

Byzengjiaming12

Updated Tue, 15 Feb 2022 10:24:01 GMT

Tianshan shares disclosed the results of private placement, issuing a total of 315 million A shares to 16 investors, raising a total of 4.247 billion yuan, of which 1 billion yuan was allocated to Conch Cement, 500 million yuan to BBMG Dingxin Cement and 300 million yuan to Shangfeng.

Tianshan shares is a listed company platform of the cement and building materials segment of CNBM Group. After the large-scale restructuring of South Cement, Southwest Cement, China United Cement and Sinoma Cement, Tianshan shares has become the largest cement enterprise group in the world with 300 million tons of clinker production capacity. After the integration, the new Tianshan shares ranks first in the industry in terms of production capacity and business scale, with a more complete industrial chain and further highlighting its main business and core competitive advantages.