Moody's withdraws Tianrui Cement's rating, China

Moody's has withdrawn its rating for Tianrui Cement’s, the largest cement producer in China's Henan and Liaoning provinces, for its own business reasons.

China Tianrui Cement Group Cement Company Ltd, which listed on the Hong Kong Stock Exchange had a clinker and cement production capacity of 22.25Mta and 39.23Mta, respectively, as of 30 June 2012. 

The company is 39.6 per cent owned by its chairman, Li Liufa, and his son, Li Xuanyu; 18.7 per cent by Tang Ming Chien; 16.7 per cent by KKR, and 8.4 per cent by JPMorgan.