[Huaxin Building Materials: Plans to acquire 99.99% stake in Brazil's CSN CIMENTOS for approximately US$1.642 billion] On November 8, Huaxin Building Materials (600801.SH) announced that the company plans to acquire 99.99% of the equity of CSN CIMENTOS held by Brazil's National Steel Corporation for an estimated price of approximately 9.0337 billion Brazilian reals (approximately US$1.642 billion). The target company is the second largest cement manufacturer in Brazil, with 7 kiln line factories and 6 grinding stations, with a total cement production capacity of 17 million tons per year (accounting for approximately 21% of the market share), and limestone reserves of approximately 2.2 billion tons. Its products mainly serve the two key markets of northeast and southeast Brazil, and have production capacity, technology and operational performance above the industry average. If this project is successfully implemented, it will be the first time that the company and even Chinese cement companies will enter the Brazilian cement market. This transaction does not constitute a major asset restructuring and must pass relevant approvals from China and Brazil.