Zitong Financial App News$CNBM (03323.HK)$It was announced that on September 20, 2023, Beixin Group Building Materials Co., Ltd., a non-wholly-owned subsidiary of the company, signed a memorandum of terms with Shijun (Hong Kong) Co., Ltd.$Beijing New Building Materials Public (000786.SZ)$To acquire control of Carlbury Chemical Group Co., Ltd. in cash from Hong Kong Shijun and other interested parties that directly or indirectly hold shares in the target company.
In addition, Beixin Building Materials and Hong Kong Shijun have also signed a bona fide agreement. Beixin Building Materials intends to pay a sum of RMB 10 million to Hong Kong Shijun to reflect the acquisition sincerity of Beixin Building Materials and to promote the due diligence and audit evaluation related to the proposed equity acquisition.
It is reported that the target group is mainly engaged in the R & D, production and sales of coatings and related products.