CNBM looks set to merge with Sinoma

China National Building Material (CNBM), a public traded company listed in Hong Kong, is expected to lower its debt-to-net-worth ratio by around 60 percentage points after merging with China National Materials Group (Sinoma), said Cao Jianglin, president of CNBM, Caixin reported. The company’s debt-to-equity ratio stood at 228% at the end of June. It is expected […]