Sinoma Cement secures approvals for major Kazakhstan investment

China Sinoma International Engineering Co., Ltd. (Sinoma International) has provided an update on its associate company, Sinoma Cement Co., Ltd. (Sinoma Cement), and its overseas investment. Sinoma Cement, through its wholly-owned subsidiary Sinoma Cement (Hong Kong) Investment Co., Ltd., established Sinoma Cement (Central Asia) Investment Co., Ltd. (Central Asia SPV Company) in the United Arab Emirates. This Central Asia SPV Company has now completed all regulatory approvals and equity transfers related to its investment in QazCement Industries LLP (QC Company) in Kazakhstan.

Central Asia SPV Company has successfully obtained a 70% equity stake in QC Company by investing $3,785.04 million. This investment is for the construction of a 3500t/d clinker cement production line in Aktobe Region, Kazakhstan.

The transaction received all required approvals, including those from China's National Development and Reform Commission, the Ministry of Commerce, the State Administration of Foreign Exchange, and Kazakhstan's anti-monopoly and subsurface rights transfer approvals. The shareholder registration for the 70% stake in QC Company has also been completed.