China Building Material Test & Certification Group Co., Ltd. signed an agreement to acquire China National Materials Investment (Hong Kong) Co., Ltd. from China National Materials Group Co., Ltd.
January 09, 2019
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China Building Material Test & Certification Group Co., Ltd. (SHSE:603060) signed an agreement to acquire China National Materials Investment (Hong Kong) Co., Ltd. from China National Materials Group Co., Ltd. on January 9, 2019. Under the transaction, China Building Material Test & Certification Group Co., Ltd. will acquire 100% stake in China National Materials Investment (Hong Kong) Co., Ltd and China National Materials Group Corporation Ltd.’s entire debt in China National Materials Investment (Hong Kong) Co., Ltd. as of June 30, 2018. As of June 2018, China National Materials Investment (Hong Kong) Co., Ltd. reported total assets of CNY 45.2 million and net assets of CNY 29.9 million. The transaction is subject to shareholders approval from China Building Material Test & Certification Group Co., Ltd. As on January 9, 2018, transaction has been approved by the Board of Directors of China Building Material Test.
China Testing & Certification International Group Co Ltd, formerly China Building Material Test & Certification Group Co Ltd, is a China-based company mainly engaged in inspection and testing business and certification evaluation business. The Company is also engaged in research and development (R&D) and sales of equipment, and extension services. The inspection and testing business mainly includes the inspection fields of construction and decoration materials, construction projects, environmental safety new materials and so on. The certification evaluation business includes mandatory product certification, voluntary product certification, management system certification and others. The extension services mainly include safety production technical services, standardized technical services, capability verification, professional and technical personnel training and others. The R&D and sales of equipment business are engaged in research and sales of special instruments and equipment.
China Building Material Test & Certification Group Co., Ltd. signed an agreement to acquire China National Materials Investment (Hong Kong) Co., Ltd. from China National Materials Group Co., Ltd.
CHINA TESTING & CERTIFICATION INTERNATIONAL GROUP CO.,LTD. 
