China National Building Material or CNBM (HKG:3323) unit Sinoma Science & Technology (Chengdu) will acquire certain assets from affiliate Sinoma IT (Chengdu) for a little over 89.7 million yuan, a Monday bourse filing said.
The assets comprise factory buildings, land use rights, and related machinery, equipment and electronic equipment in the Sichuan province of China.
Sinoma IT (Chengdu) is a unit of Sinoma International Engineering (SHA:600970), another unit of CNBM.
Shares of the construction materials company closed nearly 6% higher on Monday.
Price (HKD): $3.39, Change: $+0.19, Percent Change: +5.94%
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