Western Cement (02233) subsidiary plans to acquire 600,000 US dollars worth of 134,100 shares of CILU.

Wisdom Finance and Economics APP news, Western Cement (02233) announced that its indirect wholly-owned subsidiary WIH Cement entered into two agreements on January 27, 2025: (1) the HM share purchase agreement with the HM seller group, HM AG and the company, under which WIH Cement conditionally agreed to acquire and the HM seller group conditionally agreed to sell 1,574,900 shares of CILU stock (accounting for 91.02% of its issued share capital); and (2) the intra-group transfer agreement with the company, HM AG and Scancem International, under which HM AG and Scancem International conditionally agreed to transfer the intra-group repayment claim to WIH Cement. On May 7, 2025, WIH Cement entered into an IFC share purchase agreement with IFC and the company, under which WIH Cement conditionally agreed to acquire and IFC conditionally agreed to sell 134,100 shares of CILU stock (accounting for 7.75% of its issued share capital) for a price of 6 million US dollars.