Construction Materials

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Xinjiang Guotong Pipeline to set up sub-subsidiary

Thursday, 2 Jul 2015 08:00pm EDT

Xinjiang Guotong Pipeline Co Ltd:Says to invest 60 mln yuan to set up a wholly owned municipal engineering sub-subsidiary in Tianjin, through a wholly owned Beijing-based investment subsidiary.

CanWel Building Materials Group Ltd completes US$56.6 million acquisition of california cascade industries

Thursday, 2 Jul 2015 06:20pm EDT

CanWel Building Materials Group Ltd:Completed previously announced acquisition of California Cascade Industries, and previously announced private placement of 8,050,000 subscription receipts at price of $5.00 per Subscription Receipt for gross proceeds of $40,250,000.pursuant to bought deal underwritten by syndicate of underwriters led by GMP Securities L.P., and including Raymond James Ltd., Canaccord Genuity Corp., Haywood Securities Inc., and Cormark Securities Inc.Proceeds raised under the Private Placement are inclusive of an additional $5,250,000 raised in connection with the exercise in full by the Underwriters of their option to arrange for the purchase of an additional 1,050,000 Subscription Receipts.also completed previously announced non-brokered concurrent private placement of 2,385,000 Subscription Receipts to certain insiders of Company for proceeds of $11,925,000, under same terms as the Private Placement.In connection with Acquisition, certain sellers of CCI have elected to receive US$15 million of CanWel common shares (representing 3,224,087 commons shares) as partial consideration under Acquisition and will remain with CCI for two years.Concurrent with closing of Acquisition, Subscription Receipts issued pursuant to the Private Placement and Concurrent Private Placement were converted into a total of 10,435,000 common shares of Company in accordance with their terms.

Ruentex Materials's shares to be traded on Taiwan Stock Exchange

Wednesday, 1 Jul 2015 09:51pm EDT

Ruentex Materials Co Ltd:Its shares will be traded on Taiwan Stock Exchange from July 13, and at the same time stop the shares' trading on Emerging Market.

BBMG subsidiary acquires land in Chongqing

Wednesday, 1 Jul 2015 08:00pm EDT

BBMG Corp:Beijing-based real estate development subsidiary acquires land in Chongqing for 3,701.52 mln yuan.


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Provider: Auerbach Grayson & Co., Inc.
Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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