China Resources in loan agreement

China Resources in loan agreement
Published: 06 March 2013

Tagged Under: China Resources Cement China 

China Resources Cement has entered into an agreement relating to a HK$200m (US$25.8m) three-year term loan facility with a bank.

Under the agreement, it shall be an event of default if China Resources (Holdings) Company Limited ceases to hold at least 51 per cent of the issued share capital of China ResourcesCement. CRH currently owns around 73.34 per cent interest in China Resources.