CNBM sees benefit of stimulus packages - UBS
CNBM said its parent is to acquire 85.17 per cent equity interest of Inner Mongolia Wulan Cement. UBS cited management confirming that Wulan Cement is not going to be injected into listco in near term.
The investment house also citied CEO Mr. Cao indicating that the cement industry will benefit from the government stimulus packages despite both cement and clinker prices have corrected sharply from September to November.
