Cement News tagged under: SOCAM DEV

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China: Socam to sell part of its stake in Nanjing Jiangnan Cement

30 August 2016, Published under Cement News

Socam Development is to sell a 35 per cent stake in Nanjing Jiangnan Cement to property developer Country Garden for CNY147.6m (US$22m), Etnet reports. Socam Development will retain a 25 per cent stake in Nanjing Jiangnan, and intends to sell this to Country Garden at a later date. 

SOCAM to exit Lafarge joint venture by 2015, China

02 January 2013, Published under Cement News

SOCAM DEV announced that the shareholders of Lafarge Shui On Cement Ltd, in which it has a 45 per cent interest, have agreed on a plan to facilitate the exist of the group from this joint venture. It is expected that the agreed roadmap will enable an exit no later than 2015.