Cement News tagged under: shares
Tianrui stock crash linked to margin call19 April 2024, Published under Cement NewsThe 99 per cent drop in the stock of China Tianrui Group Cement Co last week triggered a margin call for a major shareholder and wiped out nearly all of its market value. About 4.53 per cent of the company's stock was "forcibly sold in the open market due to the unusual price drop" on 9 April, the company said in a filing. The 133.1m shares were held in the margin accounts of controlling shareholder Yu Kuo Co, which is indirectly owned by non-executive director Li Liufa and his spouse, re... |
China Tianrui Group Cement shares drop 99%10 April 2024, Published under Cement NewsChina Tianrui Group Cement Co Ltd shares fell 99 per cent to around HKD0.05 (US$0.006) on 9 April, pushing its market capitalisation to HKD141m. About 281m, a third of the company’s shares, changed hands during the sell-off. Of this total, more than 80m shares were traded in the last minutes of the closing auction. The Cayman Island-incorporated company said trading in its Hong Kong-listed shares would be suspended at 9.00h local time on 10 April pending an announcement related to insider in... |
Nuvoco Vistas Corp sees lukewarm bourse start24 August 2021, Published under Cement NewsIndia-based cement producer Nuvoco Vistas Corp entered the bourses with a weak start as its shares were listed at up to 17 per cent discount to its issue price. However, by the end of the day, the shares saw gains of up to 13 per cent over the listing price. At the start of trading on 24 August shares reached INR471 (US$6.35) on the Bombay Stock Exchange (BSE), down 17.3 per cent when compared with the issue price of INR570. Meanwhile, on the NSE, Nuvoco shares opened at INR485, or a 14.9 ... |
Gulf Cement receives approval to withdraw from Boursa Kuwait14 September 2020, Published under Cement NewsUAE-based Gulf Cement Co, once dually listed on Boursa Kuwait and the Abu Dhabi Securities Exchange (ADX), has obtained approval from Kuwait’s Capital Markets Authority to withdraw from the former. The last day for the trading of the company's shares on Boursa Kuwait will be on Monday, 14 December 2020, according to the company's disclosure to the ADX. |
Cemex España seeks authorisation for Cemex Latam public offering08 September 2020, Published under Cement NewsCemex España has requested the authorisation of the Financial Superintendency of Colombia (SFC) to begin a public offering of every ordinary and outstanding share of Cemex Latam registered in the National Register of Securities and Issuers of Colombia and the Colombian Securities Exchange. The public offering is expected to be addressed to all Cemex Latam shareholders, with the exception of those owned by Cemex España or Cemex Latam. The bid review is estimated to take between 2-4 weeks. ... |
CIMERWA set to list shares on stock exchange30 July 2020, Published under Cement NewsRwandan cement producer CIMERWA is set to list its shares on the Rwandan Stock Exchange on 3 August, the company said in a press statement. Each share is trading at RWF120 (US¢12.6), the government expects to raise a total of RWF41.3bn. The step is part of the government to sell its stake in the cement company, joining other shareholders that have expressed an interest in exiting from the business. The government owns a stake through Agaciro Development Fund, Rwanda Social Security Board, ... |
Penna Cement secures approval for IPO04 June 2019, Published under Cement NewsIndia’s Penna Cement Industries Ltd has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The company’s proposed IPO size is INR15.5bn (US$223.7m), with the offer comprising of fresh shares worth INR13bn and INR2.5bn of shares from the promoter, PR Cement Holdings Ltd. The company is expected to use INR10bn of the fresh net proceeds to repay or make advance payment of its debt besides using an undisclosed amount towards gene... |
Cevian Capital announces stake in CRH06 February 2019, Published under Cement NewsEurope's largest activist investor, Cevian Capital, has announced that it has built up a stake in CRH to become its second-biggest individual investor. "The group has many strong positions in attractive markets and we are convinced that CRH's assets could become significantly more valuable," Christer Gardell, managing partner of Cevian, disclosed to Reuters. The exact size of Cevian’s holding is unknown, however a stake of almost three per cent, worth around EUR600m, would be necessary t... |
Nassef Sawiris reduces stake in LafargeHolcim10 January 2019, Published under Cement NewsOne of LafargeHolcim’s biggest shareholders, Nassef Sawiris, reduced his stake in the company by nearly 1.6m shares in December 2018. The shares had a value of over CHF66m (US$67.5m), according to a report by Handelszeitung. Mr Sawiris now holds just under 21m shares in the company, representing just over three per cent. He was once the third-largest shareholder behind Thomas Schmidheiny and Belgium’s Groupe Bruxelles Lambert (GBL). |
CRH launches phase three of share buy-back21 November 2018, Published under Cement NewsOn 25 April 2018 CRH plc announced its intention to buy back ordinary shares of up to EUR1bn in the following 12 months. Having completed buy back phases one and two, returning EUR700m to shareholders the third buy back phase is now in operation to repurchase ordinary shares for a maximum consideration of EUR100m. The Phase 3 Programme will commence today, 20 November 2018, and will end no later than 31 December 2018. Under the terms of the Phase 3 Programme, ordinary shares will be repurc... |