Huaxin Cement Co., Ltd. (SHSE:600801) agreed to acquire Maweni Limestone Limited from ARM Cement PLC for TZS 11.9 billion on September 26, 2019. The acquisition is subject to certain conditions including receipt of regulatory approvals. George Weru and Muniu Thoithi of PricewaterhouseCoopers (PwC) Kenya acted as joint administrators to ARM Cement.

Huaxin Cement Co., Ltd. (SHSE:600801) completed the acquisition of Maweni Limestone Limited from ARM Cement PLC on May 20, 2020.