BBMG Corporation (02009.HK) announced that its subsidiary, Tangshan Jidong Cement, has entered into an Equity Transfer agreement to acquire 100% equity of Shuangyashan New Era Cement from an independent third party. The latter has a 4000t/d cement clinker production line in the Lingdong District of Shuangyashan City, Heilongjiang Province, with an annual production capacity of 2.6 million tons of cement grinding station and a supporting 9MW waste heat power generation system. The cash consideration is 0.635 billion RMB, which will be provided from internal resources.