China’s Jidong Cement to sell Qinling Cement stake to China Renewable

China's Jidong Cement has received shareholders' approval to transfer 100 millionn shares in Shaanxi Qinling Cement Group (Qinling Cement) to China Renewable Resources Development (China Renewable) at a price of CNY 2.75 (€0.32) per share. As of 31 March, 2014, Jidong Cement held 185 million shares in Qinling Cement, accounting for 28.05% of the total shares. After the recent transaction, Jidong Cement will no longer be the controlling shareholder in Qinling Cement. Qinling Cement's main business will ch
June 12, 2014 Read time: 1 min

China's Jidong Cement has received shareholders' approval to transfer 100 millionn shares in Shaanxi Qinling Cement Group (Qinling Cement) to China Renewable Resources Development (China Renewable) at a price of CNY 2.75 (€0.32) per share.

As of 31 March, 2014, Jidong Cement held 185 million shares in Qinling Cement, accounting for 28.05% of the total shares. After the recent transaction, Jidong Cement will no longer be the controlling shareholder in Qinling Cement. Qinling Cement's main business will change to the recycling and collection of discarded electronic waste.

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September 12, 2014

China Recycling to inject assets into Qinling Cement

China Recycling Development Corporation will inject assets worth US$293.17 million (CNY 1.8 billion) into Shaanxi Qinling Cement Co, becoming the latter's controlling shareholder.

Qinling Cement's current controlling shareholder, Tangshan Jidong Cement Co, plans to transfer 100 million shares in Qinling Cement to China Recycling at a price of CNY 2.75 each.

Meanwhile, Qinling Cement is said to be intending to sell all assets to Jidong Cement and issue additional shares to 11 investors including Chin

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