BBMG Corporation announced that Tangshan Jidong Cement intends to acquire 100% equity of Shuangyashan New Era Cement Co., Ltd. at an assessed value of 0.635 billion yuan. After the trade is completed, Shuangyashan Cement will become a wholly-owned subsidiary of Tangshan Jidong Cement. Shuangyashan Cement was established in 1958 and is located in Shuangyashan City, Heilongjiang Province. It has a 4000 t/d cement clinker production line, an annual output of 2.6 million tons of cement grinding station and a supporting 9 MW waste heat power generation system. In the fiscal year 2023, Shuangyashan Cement achieved a revenue of 0.343 billion yuan and a net income of 18.4737 million yuan. As of September 30, 2024, Shuangyashan Cement's total assets amounted to 0.658 billion yuan, total liabilities were 0.353 billion yuan, and net assets were 0.306 billion yuan. From January to September 2024, it achieved a revenue of 0.322 billion yuan and a net income of 82.5252 million yuan.