China Resources Cement Explained

China Resources Cement Holdings Limited
华潤水泥控股有限公司
Type:State-owned enterprise (Red chip)
Foundation:2003
Location City:Hong Kong
Location Country:People's Republic of China
Key People:Chairman

Miss Zhou Junqing[1]

Area Served:People's Republic of China
Industry:Building materials
Products:Cement and concrete
Parent:China Resources
Homepage:China Resources Cement Limited

China Resources Cement Holdings Limited (CRC) (HKEX:), parented by China Resources, is a leading cement and concrete producer in Southern China. It is the largest NSP clinker and cement producer in Southern China by production capacity and the second largest concrete producer in China by sales volume.[2] [3] It was established in 2003 and incorporated in the Cayman Islands.

Listing

China Resources Cement has been listed twice. It was first listed on the Hong Kong Stock Exchange in 2003 with an IPO price of HK$2.32 per share. In 2006, it was privatized by its largest shareholder, China Resources (Holdings), with an acquired price of HK$2.45 per share.[4] In 2009, CRC was relisted with an IPO price of HK$3.9 per share.[5] However, its share price is still below its offer price after listing.[6]

External links

Notes and References

  1. http://www.crcement.com.hk/eng/aboutus/managementteam/ Management of China Resources Cement
  2. http://www.irasia.com/listco/hk/crcement/profile.htm China Resources Cement Holdings Limited
  3. http://www.linkedin.com/companies/china-resources-cement-holdings-limited China Resources Cement Holdings Limited
  4. Web site: CR Cement to go private three years after listing . 2010-02-24 . https://web.archive.org/web/20110604112720/http://www.thestandard.com.hk/news_detail.asp?pp_cat=2&art_id=15648&sid=7342918&con_type=1 . 2011-06-04 . dead .
  5. http://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&NewsID=27454 China Resources Cement raises HK$6.39 bln via HK IPO
  6. http://www.marketwatch.com/story/china-resources-cement-falls-below-ipo-price-2009-10-05 China Resources Cement falls below IPO price