Shenzhen-listed Sichuan Shuangma Cement Co announced on February 14 that the provincial government of Sichuan has approved the agreement on transferring an 89.72 percent equity in the Sichuan Shuangma Investment Group from the Mianyang City State-owned Assets Supervision and Administration Commission to Lafarge China Offshore Holding Company (LCOHC) Ltd. But this equity transfer agreement is yet to be approved by the State Council department in charge of state-owned assets supervision and administration, the company said.
Shuangma Investment Group is the largest shareholder of the listed Shuangma Cement Co., Ltd. The agreement was signed in Chengdu, capital city of Sichuan Province on November 15, 2005.
