China Resources Cement

China Resources Cement Holdings Limited
华潤水泥控股有限公司

Type	State-owned enterprise (Red chip)
Industry	Building materials
Founded	2003
Headquarters	Hong Kong, People's Republic of China
Area served	People's Republic of China
Key people	Chairman: Miss Zhou Junqing[1]
Products	Cement and concrete
Parent	China Resources
Website	China Resources Cement Limited

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 Cayman Islands.

Listing

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

References

1. ^ Management of China Resources Cement
2. ^ China Resources Cement Holdings Limited
3. ^ China Resources Cement Holdings Limited
4. ^ CR Cement to go private three years after listing
5. ^ China Resources Cement raises HK$6.39 bln via HK IPO
6. ^ China Resources Cement falls below IPO price

External links

• China Resources Cement Limited