Chinese firm increases Chilanga Cement shareholding
Published On July 25, 2022 » 743 Views» By Times Reporter » Business, Stories
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By CHATULA KANGALI-
HUAXIN Limited has increased its shareholding in Chilanga cement from 75 percent to 81.19 percent following the purchase of 50,013,468 shares.
The company submitted a cash offer to the board of directors of Chilanga Cement to purchase from the minority shareholders, all the remaining 50,013,468 shares that did not own representation of 25 percent shareholding.

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