BBMG (HKG:2009) and Tianjin Education Development Investment will reduce the registered capital of Tianjin Building Materials Group (Holding) by about 1 billion yuan.
Before the reduction, the company owned 66.816% of the target, with Tianjin Education Development holding 33.184%.
After the capital reduction, BBMG will hold 83.208% of the JV, and Tianjin Education Development will own 16.792%.
According to a Jan. 1 disclosure with the Hong Kong Exchange, Tianjin Building Materials primarily sells building materials.
The transaction will give BBMG absolute control of the target company and increase its board representation, strengthening its influence over key business decisions.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。