West China Cement Ltd has announced a discloseable transaction involving the acquisition of additional equity interests in Cimenterie de Lukala SA (CILU) in the Democratic Republic of Congo.
The transaction, which involves WIH Cement, a wholly-owned subsidiary of West China Cement, acquiring 134,105 shares from IFC, represents 7.75 per cent of CILU’s issued share capital for a consideration of US$6m.
This acquisition is part of a series of transactions aimed at consolidating West China Cement’s stake in CILU, aligning with its strategic growth objectives in the cement industry. The transactions are subject to regulatory requirements under the Hong Kong Stock Exchange’s Listing Rules, highlighting the company’s commitment to compliance and transparency.
