China Resources last trading set July 13
China Resources Cement Holdings Ltd said shares in the company will trade on the Hong Kong stock exchange for the last time on July 13 ahead of its listing withdrawal from the main board following approval by minority shareholders of the proposal to take the company private. It said in a statement majority of these shareholders voted to accept a HK$428m offer by the company’s controlling shareholder, China Resources Holdings, to buy out company shares it does not own. China Resources Holdings owns 74.5 per cent of China Resources Cement. China Resources has said it is withdrawing the listing status of the unit amid a deteriorating market for the building materials sector in China.
Published under Cement News
