BBMG to buy 61% stake in Tianjin producer

BBMG to buy 61% stake in Tianjin producer
Published: 01 September 2009

BBMG Corporation said it has signed a non legally-binding memorandum of understanding on 30 August 2009, with its 45.27% holding shareholder, BBMG Group, to acquire the 60.64% equity interest in Zhenxing Cemen at Rmb395 million.