Cement News tagged under: TCC LIaoning

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Prosperity Minerals completes sale of TCC Liaoning Cement, China

27 August 2013, Published under Cement News

Prosperity Minerals has completed the sale of its 16.11 per cent stake in China-based TCC Liaoning Cement to TCC International Holdings. All the necessary approvals were obtained and the disposal was completed on 22 August 2013, Prosperity said. As per the agreement, around US$18.7m, or 80 per cent of the total consideration, has been paid to Prosperity and around US$3.5m will be paid to the company within five working days following completion. The balance will be retained by TCC I...

Prosperity Minerals to dispose of its stake in TCC Liaoning, China

08 February 2013, Published under Cement News

Prosperity Minerals has signed a conditional sale and purchase agreement with TCC International Holdings Ltd to sell its 16.11 per cent interest in TCC Liaoning for CNY144.5m  (approximately US$23m).   The company said in a statement that the completion of the disposal is subject to TCC International obtaining the necessary approvals from the Taiwan Investment Commission and its compliance with the listing requirements in Taiwan and Hong Kong   Prosperity acquired its interest in TCC Liao...