China_Resources_Cement

China Resources Cement

China Resources Cement

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China Resources Cement Holdings Limited (CRC) (SEHK: 1313), 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.

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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]

References

  1. [1]
    Management of China Resources Cement Archived 2012-03-03 at the Wayback Machine
  2. [2]
    China Resources Cement Holdings Limited
  3. [3]
    China Resources Cement Holdings Limited
  4. [4]
    "CR Cement to go private three years after listing". Archived from the original on 2011-06-04. Retrieved 2010-02-24.
  5. [5]
    China Resources Cement raises HK$6.39 bln via HK IPO Archived 2011-07-08 at the Wayback Machine
  6. [6]
    China Resources Cement falls below IPO price
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