China's Huaxin Cement Co Ltd has bought a 40 per cent stake in Cement Chakrey Ting Factory Co Ltd of Cambodia. The US$24m investment was announced on 17 June, according to a recent company announcement. After the investment, the Cambodia cement producer's registered capital grew to US$60m from US$32m.

The Hubei province-based cement manufacturer says the acquisition in Cambodia is the company's second overseas investment after establishing a subsidiary in Tajikistan in 2011.