CNBM completes buy-back offer, cancels H shares

China National Building Material Company Limited (HKEX:3323) announced the completion of its conditional cash offer, managed by Morgan Stanley Asia Limited, to buy back H Shares at HK$4.03 per share. The completion, effective March 12, 2025, involved the cancellation of 841,749,304 H Shares. Consequently, the total number of issued shares decreased from 8,434,770,662 to 7,593,021,358, and H Shares were reduced to 3,716,397,196. The buy-back resulted in an increase in the CNBM Parent Concert Group's aggregate interests, rising from approximately 45.02% to 50.01% of the issued shares. The company has also remitted payments to accepting shareholders, net of stamp duty, and dispatched remaining title documents.