State-owned parent firms, China National Building Material Group (CNBM Group) and China National Materials Group (Sinoma Group) were ordered by Beijing to merge last year to create the world’s largest building materials maker, surpassing Switzerland-based LafargeHolcim. Photo: Reuters

Listed Hong Kong units of Chinese cement majors merge

Last year’s joining of CNBM and Sinoma overtook world-leader Switzerland-based LafargeHolcim in size

TOP PICKS

State-owned parent firms, China National Building Material Group (CNBM Group) and China National Materials Group (Sinoma Group) were ordered by Beijing to merge last year to create the world’s largest building materials maker, surpassing Switzerland-based LafargeHolcim. Photo: Reuters
READ FULL ARTICLE