FilingReader Intelligence
West China Cement sells Xinjiang assets for 1.65bn yuan
July 24, 2025 at 05:02 PM UTC•By FilingReader AI
West China Cement is selling its entire Xinjiang operations for 1.65bn yuan, representing a 13% premium over book value.
The proceeds will fund expansion in sub-Saharan Africa and Central Asia, where overseas operations generated 38% of revenue and 67% of gross profit in 2024. Net proceeds will primarily repay 4.4bn yuan in senior notes due July 2026.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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