TCC International unit to acquire Hunan Jindadi Materials Company Ltd

TCC International unit to acquire Hunan Jindadi Materials Company Ltd

TCC International (Hong Kong) Company Ltd, a wholly-owned subsidiary of TCC International Holdings Ltd, has entered into an agreement to acquire 100 per cent stake in Hunan Jindadi Materials Company Ltd.

Hunan Jindadi Materials is a China-based manufacturer and seller of cement, clinker, concrete products and gravel aggregate products, from Peng Zhongxi, Liu Xingjun, Ma Jianjun, Xiang Zeqiang, Yang Xiaohui and Xiao Jianqiang. The acqusition is reported to be worth CNY1270m (US$206.66m).