West China Cement Ltd. has announced significant developments in its business operations. The company has entered into two major agreements involving the disposal of companies and assets in Xinjiang. In the first transaction, Vendor A has agreed to sell its entire equity interest in certain target companies to the Purchasers for RMB398 million, with the final amount subject to adjustments. Furthermore, in a separate transaction, Vendor B, with Vendor A as guarantor, has agreed to sell Assets B to Asset Purchaser B for RMB161.5 million, also subject to adjustments. The Purchasers plan to establish a joint venture in Yutian County, Xinjiang, for acquiring these assets, with Purchaser A and Purchaser B holding 90% and 10% equity interest, respectively, in the investment vehicle.
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