Tianshan Material Co.,Ltd. (000877.SZ) Announces Public Listing Transfer of Cement Clinker Capacity Quotas from Subsidiary

Stock News12-12 17:32

Tianshan Material Co.,Ltd. (000877.SZ) disclosed that its subsidiary has publicly listed the transfer of production capacity quotas from two cement clinker production lines, totaling 4,500 tons per day (equivalent to 1.35 million tons). The total transfer amount is RMB 80.4 million.

Following confirmation by the property rights exchange, a subsidiary of Gansu Qilianshan Cement Group Co., Ltd. ("Qilianshan Cement") registered as the sole interested buyer, paid the deposit according to listing conditions, and became the transferee. The subsidiary intends to acquire the quotas at the reserve price.

The transaction is expected to impact the company's current net profit by approximately RMB 65.24 million.

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