WESTCHINACEMENT (02233) plans to sell a number of assets located in China.
Western Cement (02233) announced that, in order to further optimize the company's investment structure, reduce the debt ratio, save interest costs, more effectively allocate resources, strengthen strategic focus on key development areas, promote the expansion and deepening of the group's presence in overseas markets, and enhance the overall operational efficiency and long-term competitiveness of the group, the company is currently in preliminary discussions with potential buyers for the sale of certain assets located in China.
WESTCHINACEMENT (02233) announced that in order to further optimize the company's investment structure, reduce leverage ratio, save interest costs, allocate resources more effectively, strengthen strategic focus on key development areas, promote the expansion and deepening of the group's presence in overseas markets, and enhance the overall operational efficiency and long-term competitiveness of the group, the company is currently in preliminary discussions with potential buyers for the sale of certain assets in China.
As of the date of this announcement, the potential sale is only at the stage of preliminary discussions and due diligence. The group has not entered into any legally binding agreements or formal agreements, and the parties have not finalized any major terms related to the potential sale.
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