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News Huaxin Cement invests in Cambodia Cement

Huaxin Cement invests in Cambodia Cement

Written by Global Cement staff 18 June 2014
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Cambodia/China: Huaxin Cement has injected US$24m into Cambodia Cement Chakrey Ting Factory to acquire a 40% stake in the southeast Asia-based company on 17 June 2014. After the investment, the Cambodia cement producer's registered capital grew to US$60m from US$32m. The Hubei Province-based cement manufacturer said that the acquisition in Cambodia is the company's second overseas investment after establishing a subsidiary in Tajikistan in 2011.

Last modified on 18 June 2014
Published in Global Cement News
Tagged under
  • Cambodia
  • China
  • Huaxin
  • Cambodia Cement
  • GCW155
  • Investment
  • Acquisition

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