BBMG Corp acquires Liaoning Hengwei Cement and affiliates

BBMG Corp (SSE:601992) announced its subsidiary, Liaoning Jinzhong New Material Industry Group, will acquire 100% of Liaoning Hengwei Cement Group, 70% of Liaoyang Hongguang Mining, and 100% of Benxi Yongxing New Building Materials. The total consideration for these acquisitions is approximately 428.5 million yuan (US$62.5 million), based on preliminary valuations. Hengwei Cement operates a 4,000 t/d clinker production line and related facilities. Hongguang Mining is a limestone quarry supplying Hengwei Cement, while Benxi Yongxing produces mineral powder. The acquisitions are expected to strengthen BBMG Corp's presence in the Northeast China cement market and contribute to regional market stability. The transactions are subject to regulatory approvals.