West China Cement to buy AfriSam in deal worth up to R 2.5 billion

Reuters04-02 20:38

West China Cement to buy AfriSam in deal worth up to R 2.5 billion

West China Cement unit West International New Building Materials agreed to buy 100% of AfriSam Holdings via purchase of 99,995,000 shares.
Total consideration set at ZAR 2.5 billion, equivalent to USD 145 million or HKD 1.1 billion.
Buyer will also subscribe for new AfriSam shares, with share count calculated as subscription consideration divided by ZAR 1.7 billion, yielding 93,000,000 shares.
Cash payment structure calls for an initial payment at closing, with remaining balance paid in 12 equal quarterly installments starting one year after closing.
Transaction targets expansion in Southern Africa, adding AfriSam capacity of 4.5 million tons per year of cement, 5 million tons per year of aggregate, and 1.5 million cubic meters per year of ready-mix concrete.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. West China Cement Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260402-12095603), on April 02, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2624509442?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-02 20:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2624509442","market":"fut","top_or_hot":-1,"title":"West China Cement to buy AfriSam in deal worth up to R 2.5 billion","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      West China Cement to buy AfriSam in deal worth up to R 2.5 billion\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<ul>\n<li>\n          West China Cement unit West International New Building Materials agreed to buy 100% of AfriSam Holdings via purchase of 99,995,000 shares.\n        </li>\n<li>\n          Total consideration set at ZAR 2.5 billion, equivalent to USD 145 million or HKD 1.1 billion.\n        </li>\n<li>\n          Buyer will also subscribe for new AfriSam shares, with share count calculated as subscription consideration divided by ZAR 1.7 billion, yielding 93,000,000 shares.\n        </li>\n<li>\n          Cash payment structure calls for an initial payment at closing, with remaining balance paid in 12 equal quarterly installments starting one year after closing.\n        </li>\n<li>\n          Transaction targets expansion in Southern Africa, adding AfriSam capacity of 4.5 million tons per year of cement, 5 million tons per year of aggregate, and 1.5 million cubic meters per year of ready-mix concrete.\n        </li>\n</ul>\n<br/>\n<br/>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/WCHNF\">West China Cement Ltd.</a> published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260402-12095603), on April 02, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>West China Cement to buy AfriSam in deal worth up to R 2.5 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWest China Cement to buy AfriSam in deal worth up to R 2.5 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-04-02 20:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      West China Cement to buy AfriSam in deal worth up to R 2.5 billion\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<ul>\n<li>\n          West China Cement unit West International New Building Materials agreed to buy 100% of AfriSam Holdings via purchase of 99,995,000 shares.\n        </li>\n<li>\n          Total consideration set at ZAR 2.5 billion, equivalent to USD 145 million or HKD 1.1 billion.\n        </li>\n<li>\n          Buyer will also subscribe for new AfriSam shares, with share count calculated as subscription consideration divided by ZAR 1.7 billion, yielding 93,000,000 shares.\n        </li>\n<li>\n          Cash payment structure calls for an initial payment at closing, with remaining balance paid in 12 equal quarterly installments starting one year after closing.\n        </li>\n<li>\n          Transaction targets expansion in Southern Africa, adding AfriSam capacity of 4.5 million tons per year of cement, 5 million tons per year of aggregate, and 1.5 million cubic meters per year of ready-mix concrete.\n        </li>\n</ul>\n<br/>\n<br/>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/WCHNF\">West China Cement Ltd.</a> published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260402-12095603), on April 02, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1135","symbol_name":"建筑材料","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260402:nNDL8z083F:1","article_id":"2624509442","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2624509442","pubTimestamp":1775133493,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"West China Cement unit West International New Building Materials agreed to buy 100% of AfriSam Holdings via purchase of 99,995,000 shares.Total consideration set at ZAR 2.5 billion, equivalent to USD 145 million or HKD 1.1 billion.Buyer will also subscribe for new AfriSam shares, with share count calculated as subscription consideration divided by ZAR 1.7 billion, yielding 93,000,000 shares.Cash payment structure calls for an initial payment at closing, with remaining balance paid in 12 equal quarterly installments starting one year after closing.Transaction targets expansion in Southern Africa, adding AfriSam capacity of 4.5 million tons per year of cement, 5 million tons per year of aggregate, and 1.5 million cubic meters per year of ready-mix concrete.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and s","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1135":"建筑材料","BK1500":"做空集合股","02233":"西部水泥"},"translate_title":"华西水泥将以高达25亿兰特的价格收购AfriSam","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02233":0.9},"content_text":"West China Cement to buy AfriSam in deal worth up to R 2.5 billion\n    \n\n\n          West China Cement unit West International New Building Materials agreed to buy 100% of AfriSam Holdings via purchase of 99,995,000 shares.\n        \n\n          Total consideration set at ZAR 2.5 billion, equivalent to USD 145 million or HKD 1.1 billion.\n        \n\n          Buyer will also subscribe for new AfriSam shares, with share count calculated as subscription consideration divided by ZAR 1.7 billion, yielding 93,000,000 shares.\n        \n\n          Cash payment structure calls for an initial payment at closing, with remaining balance paid in 12 equal quarterly installments starting one year after closing.\n        \n\n          Transaction targets expansion in Southern Africa, adding AfriSam capacity of 4.5 million tons per year of cement, 5 million tons per year of aggregate, and 1.5 million cubic meters per year of ready-mix concrete.\n        \n\n\n\n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. West China Cement Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260402-12095603), on April 02, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.39.0","shortVersion":"4.39.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2624509442","isCrawlerRequest":true}