Cement News tagged under: Shandong Shanshui Cement Group
China Shanshui Cement says some properties of unit "illegally occupied" by Jingtian10 April 2017, Published under Cement NewsChina Shanshui Cement today informed its shareholders that some properties of its Shandong Shanshui Cement Group unit were "illegally occupied" by Mi Jingtian, the former deputy general manager of Shandong Shanshui and his associates. The company said that on 8 April the directors of the company entered and tried to repossess the properties of Shandong Shanshui in Jinan city. It said the directors were held against their will by an unidentified crowd "commanded and organised by Mi Jingtian... |
China: Shandong Shanshui returns to profitability16 December 2016, Published under Cement NewsShandong Shanshui Cement has managed to turn its losses into profit following a year of defaulting on debts after a battle for control of the company. Deputy Chairman, Mi Jingtian, said that solutions to the CNY4.6bn (US$661.1m) of defaulted debt are now in place and the company has paid in full all outstanding interest. It has since regained a “normal working relationship” with commercial banks. A disclosure issued on 5 December stated that the company has settled a dispute with China Me... |
China Shanshui’s Liaocheng unit ‘illegally occupied’16 June 2016, Published under Cement NewsIn a fresh twist in the ongoing troubles of China Shanshui Cement Group, the company has announced that a unit of its subsidiary, Liaocheng Shanshui Cement, has been ‘illegally occupied’ by 200 unidentified people, Bloomberg reports. According to a statement to the Hong Kong stock exchange, the firm claims that the occupation was carried out on the orders of former chairman Zhang Bin and founder Zhang Caikui. China Shanshui has been struggling to assert its control over Shandong Shansh... |
Shanshui Cement unit defaults on third onshore bond, China16 February 2016, Published under Cement NewsShanshui Cement's key operating subsidiary Shandong Shanshui Cement Group defaulted on its third onshore bond. According to a statement posted on Shanghai clearing house on 14 February, Shandong Shanshui could not pay in full of the bond's principal and coupon due on February 12 because some of its banks accounts and assets were frozen due to lawsuits against the company. The principal and coupon totaled CNY826.56m (US$126m). A spokesman for Hong Kong-listed Shanshui said its largest s... |
China Shanshui Cement regains control of Shandong Shanshui Cement04 January 2016, Published under Cement NewsChina Shanshui Cement Group Ltd said Monday it has regained control of Shandong Shanshui Cement Group Co, but three former directors of Shandong Shanshui and a group of people continue to 'illegally occupy' the unit's head office and five factories. China Shanshui did not specify why Zhang Caikui, Zhang Bin and Huang Kehua have occupied the premises of Shandong Shanshui but said they have illegally retained important company documents. (Source: Dow Jones News Wires) |
Shanshui Cement says change of Shandong subsidiary's board was legal11 December 2015, Published under Cement NewsShanshui Cement on Thursday night issued a statement saying that its change of the board and management of its subsidiary, Shandong Shanshui Cement Group, was "legally valid and [does] not violate the relevant laws and regulation of the PRC", based on legal advice from its Chinese lawyers. The statement was in response to allegations made by the Shandong subsidiary, which issued a statement on 4 December that Shanshui Cement's removal of management and directors from Shandong Shanshui was... |
Shanshui subsidiary alleges Tianrui takeover of unit was illegal08 December 2015, Published under Cement NewsTianrui Group's move to take full control over a unit of Shanshui Cement is facing challenges, Dow Jones reported. Shandong Shanshui Cement Group said in a statement on 'Chinamoney' that Shanshui Cement board's removal of management and directors from Shandong Shanshui was illegal as this required government approval. Chinamoney is an official site affiliated with the central bank, and is used by companies to post announcements about bonds. Tianrui, the largest shareholder of Shanshui Cem... |
Shandong Shanshui Cement to issue CNY900m 366-day bills14 May 2015, Published under Cement NewsShandong Shanshui Cement Group Ltd, the subsidiary of China Shanshui Cement Group Ltd, has announced that it will issue CNY900m 9US$145.1m) unsecured short term bills with a maturity of 366 days on the interbank market on 20 May. The corporation said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 21 May and the to-be-issued bills tradable on 22 May. The proceeds ... |
Shandong Shanshui Cement issues 210 day bills15 April 2015, Published under Cement NewsShandong Shanshui Cement Group Ltd, a subsidiary of China Shanshui Cement Group Ltd, announced that it issued CNY2bn (US$321.8m) unsecured super short-term bills with a maturity of 210 days on the interbank market on 14 April. The corporation said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 16 April, and the to-be-issued bills tradable on the 17 April. The pro... |
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