M&As this week: Fu-Wang Ceramic Industry, Hexagon Mining

19 January 2017 (Last Updated January 19th, 2017 18:30)

Fu-Wang Ceramic Industry, Ltd. has announced its decision to acquire 100% stake in SS Steel (Pvt.) Limited through the issue of 219,999,999 ordinary shares.

Fu-Wang Ceramic Industry has announced its decision to acquire a 100% stake in SS Steel through an issue of 219,999,999 shares.

Fu-Wang Ceramic manufactures wall and floor tiles, while SS Steel produces ribbed reinforcement bars.

Both companies involved in the acquisition are based in Bangladesh.

Hexagon Mining has announced the acquisition of MiPlan, an Australia-based provider of mine production management solutions.

Located in the US, Hexagon provides technical solutions to enhance planning, operations and safety.

The acquisition will enable Hexagon to provider a wider range of services for mining operations.