China National Building Materials (CNBM) - September 2017
China National Building Materials (CNBM) has said that its merger with China National Materials Group Corp (Sinoma) will be finalised by the end of this year. The merger process began back in August 2016 when the deal was approved by the Chinese State Council. Recent weeks have seen nine subsidiaries of the two groups suspend trading, fuelling speculation that the merger is being accelerated.