Tangshan Jidong Cement Co.,Ltd. (SZSE:000401) signed a contract to acquire remaining 72% stake in Shanxi Huarun Fulong Cement Co., Ltd. from China Resources Cement Investments Ltd. for approximately CNY 350 million on December 16, 2021. As on December 31, 2020, Shanxi Huarun Fulong Cement Co., Ltd. generated total assets of CNY 1.6 billion, net assets of CNY 227.9 million, revenue of CNY 565.5 million, operating profit of CNY 61 million and net profit of CNY 58.7 million. The transaction is approved by board of directors of Tangshan Jidong Cement Co.,Ltd.