Cement News tagged under: Cam Pha Cement
Cam Pha Cement: descending dragon26 June 2023, Published under Cement NewsTo arrive at Cam Pha Cement’s (CPC) plant in Quang Ninh province, Vietnam, you must first pass through the UNESCO world heritage site of Halong Bay – or literally ‘where the dragon descends to the sea’ – whose dramatic coastline landscape is scattered with thousands of limestone islands, formed around 340m years ago during the Carboniferous period, and rightly recognised as one of the wonders of the world. Cam Pha Cement operates 2.3Mta of cement capacity at its integrated plant in ... |
Viettel Group acquires 70% stake in Vietnamese producer13 November 2013, Published under Cement NewsMilitary-run Viettel Group has acquired a 70 per cent stake of Vietnamese cement producer Cam Pha Cement for VND140bn ($6.64m). The 139.8m shares were purchased from Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) at around VND1,000 each, the current book value of the cement firm, the Thoi Bao Kinh Te Sai Gon newspaper reported. Viettel, which holds a 21.3 per cent stake in Vinaconex, will pay Cam Pha Cement’s debts and help the latter restore its manufacturin... |
Viettel to buy 70% stake in Cam Pha Cement25 October 2013, Published under Cement NewsThe Viettel Group has signed an agreement with Vietnam Construction and Import-Export JSC (Vinaconex), to buy a 70 per cent stake in Cam Pha Cement JSC. Military run-Viettel also purchased Cam Pha Cement’s debts guaranteed by VCG, the Dau Tu Chung Khoan newspaper said, adding that the deal had a total value of US$127m. Cam Pha will sell its cement to military-run construction companies, according to newswire Cafef.vn. With the share sale, Vinaconex will cut its holding in the loss-makin... |
Vinaconex to sell majority stake in Cam Pha Cement01 August 2013, Published under Cement NewsVietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) is in talks to sell its 70 per cent stake in Cam Pha Cement. According to reports by Vietnam News Brief Service, the shares are to be sold to an overseas investor at below the par value of VND10,000/share but no lower than Cam Pha’s book value. Two foreign parties are said to be interested and are expected to put inject cash to restructure the cement producer’s debts. The deal is expected to be concluded this year. ... |
Vinaconex plans to sell stake in Cam Pha Cement, Vietnam12 April 2013, Published under Cement NewsVietnam Construction and Import-Export JSC (Vinaconex), plans to sell a 70 per cent stake in Cam Pha Cement JSC as it continues with its plan to divest in non-core operations. Vinaconex is seeking shareholders approval to sell the shares to foreign partners at below the par value of VND10,000 each, but not lower than Cam Pha’s book value. According to local press reports, two companies have expressed an interest in buying shares in Cam Pha Cement. Last year, the company posted a loss o... |
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