Huaxin Cement subsidiary buys stake in Success Eagle Cement

Huaxin Cement subsidiary buys stake in Success Eagle Cement
Published: 05 July 2013


Huaxin Cement Ltd's wholly-owned Hong Kong subsidiary recently signed an equity transfer agreement with Starry Cosmos Group Ltd to acquire a 20 per cent stake in Success Eagle Cement (Hong Kong) Ltd for HKD75m (US$9.7m), the company announced on 3 July After the deal, Huaxin Cement's Hong Kong subsidiary will hold a 65 per cent stake in Success Eagle Cement.