Jidong invests CNY240m into subsidiary, China

Jidong invests CNY240m into subsidiary, China
27 July 2011


Tangshan Jidong Cement plans to inject capital into Tangshan Jidong Cement Investment Development with Jidong Development Group, according to a company filing.

The firm will invest CNY240m (US$37.3m) in cash while Jidong Group will contribute CNY250m. That will raise the subsidiary registered capital rose to CNY1.99bn, and Jidong Cement will have a 49 per cent interest in it.

Published under Cement News