China Shanshui Cement defaults on CNY1.8bn bond
China Shanshui has defaulted on a CNY1.8bn three-year bond carrying an annual interest rate of 5.4 per cent that matured on Thursday, the South China Morning Post reports. The d...
China
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China: BBMG Corp expects lower profit on weaker cement demand and pricing
China-based BBMG Corp said it expects to record a 10-22 per cent decrease in net profit attributable to shareholders for the year ended 31 December 2015 compared to a year earli...
China Resources warns of significant decrease in full-year attributable profit
China Resources Cement said it expects profit attributable to the owners for the year ended 31 December 2015 to significantly decrease as compared with that of the previous year...
China Shanshui to buy back two outstanding senior notes due 2016, 2020
China Shanshui Cement Group Ltd said Thursday it offered to buy back the outstanding amount of two senior notes valued at US$528.9m from investors. The Hong Kong-listed cement m...
Credit Suisse upgrades China Resources Cement rating
Credit Suisse raised its target price for China Resources Cement (CRC) at HKD3 (US$0.39), but upgraded its rating from "neutral" to "outperform". The research house cited its so...
TCC warns on full-year net loss
TCC International Holdings Ltd said it expects to swing to a net loss for 2015 from a net profit of HKD2.05bn (US$264.5m) in the previous year. The cement producer said the expe...
China Shanshui Cement regains control of Shandong Shanshui Cement
China 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 c...
Shansui Cement management in turmoil
China Shanshui Cement Group, which last month defaulted on a CNY2bn bond and saw its entire board ousted early this month, says it has reported the loss of key documents, data a...
CRH meets with Sinoma Group
John Watkins, country director China of CRH met with Peng Jianxin, president of Sinoma Ltd, on 18 November 2015. During the meeting both sides exchanged views on the current sit...
Anhui Conch
West China Cement (WCC) has become the sixth Chinese company to join the Cement Sustainability Initiative (CSI). Following a recent transaction, in which Anhui Conch Cement is t...