Huaxin Cement announced that the company's board of directors reviewed and passed a bill relating to the acquisition of shares in CSNCIMENTOS in Brazil, and the target company's corporate value was R$12.7 billion. The company plans to apply for a merger and acquisition loan of no more than R$8.89 billion equivalent from the bank. The loan ratio does not exceed 70% of the enterprise value to pay the transaction price. At the same time, since the M&A settlement currency is the Brazilian real, in order to reduce foreign exchange risk, the company plans to carry out hedging in foreign exchange derivatives trading business.

Huaxin Cement announced that the company's board of directors reviewed and passed a bill relating to the acquisition of shares in CSNCIMENTOS in Brazil, and the target company's corporate value was R$12.7 billion. The company plans to apply for a merger and acquisition loan of no more than R$8.89 billion equivalent from the bank. The loan ratio does not exceed 70% of the enterprise value to pay the transaction price. At the same time, since the M&A settlement currency is the Brazilian real, in order to reduce foreign exchange risk, the company plans to carry out hedging in foreign exchange derivatives trading business.