Cement News tagged under: China Tianrui Group

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Shanshui subsidiary alleges Tianrui takeover of unit was illegal

08 December 2015, Published under Cement News

Tianrui 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...

China Tianrui Group expects 15% rise in 1H14 net profit

22 July 2014, Published under Cement News

China Tianrui Group Cement said it expects to record an increase of about 15 per cent in consolidated net profit for the six months to the end of June 2014 compared to the same period of 2013. The growth was mainly attributable to the substantial increase in sales volume compared to the same period of last year.