Northern cement has more than 2.5 billion shares in the northern part of mudanjiang.
Announcement shows, mudanjiang north, cement and by north king kong group has 49% and 51% stake, is mainly engaged in cement, special cement and related products, semi-finished products production, sales, research and development of the business. As of the end of 2016 and December 31, 2015, the north of mudanjiang was net profit (excluding tax) of RMB 4838.37 million and 296 million yuan respectively.
The 19 subsidiaries are affiliated companies in the north of mudanjiang, mainly engaged in the production and sale of cement and cement products. As of December 31, 2016 and December 31, 2015, the total amount of audit net profit (excluding tax) was RMB 9830.8 million and -2829.53 million yuan respectively.
After completion, each target will become a subsidiary company of the northern cement, and the north of mudanjiang will become a wholly-owned subsidiary of the northern cement.