Tangshan Jidong to issue short-term bills, China
Tangshan Jidong Cement Co Ltd has announced that it plans to issue CNY1bn in unsecured short-term bills with a maturity of 365 days on the interbank market on 14 March. The c...
China
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Macquarie more positive on China cement sector
Research house Macquarie is turning more positive on the cement sector and expects to see more signs of downstream demand recovery in mid-2013 following a recent market visit. ...
China Resources in loan agreement
China Resources Cement has entered into an agreement relating to a HK$200m (US$25.8m) three-year term loan facility with a bank. Under the agreement, it shall be an event of d...
Tianrui Cement's net profit falls 38.5% YoY
China Tianrui Group Cement announced that the company saw net profit reach CNY783m (125.9m) in 2012, a YoY decline of 38.5 per cent. The Henan Province-based clinker and cemen...
China Resources Cement profit down by 44.4%
China Resources Cement (CRC) reported a 44.4 per cent loss in net profit attributable to shareholders last year to HK$2.32bn (US$299m). In 2012, the firm's turnover rose 9.1 p...
Tongli Cements reports decline in 2012 profit
Henan Tongli Cement has reported a 2.38 per cent decline in operating revenue for 2012 to CNY4.12bn (US$661m). The company's net profit for 2012 fell 31.79 per cent YoY to C...
China Resources in proposed joint-venture agreement, China
China Resources Cement has entered into a two-year framework agreement with Zhihai Group Co Ltd to establish a joint venture. The new venture intends to acquire clinker prod...
Prosperity Minerals to dispose of its stake in TCC Liaoning, China
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 ...
TCC International issues profit warning
TCC International Holdings Ltd could be facing a 60 per cent drop in 2012 profit due to slowing demand and pricing pressures in China. The company, a subsidiary of Taiwan Cem...
China Tianrui to issue unsecured bills, China
China Tianrui Group Cement Co is to issue CNY2bn (US$321m) in unsecured bills with a maturity of 365 days on the interbank market on 31 January. The company, which is a leadin...