Significant Events

CRC Investments Increase Financial Assistance to Yunnan Cement

2016-12-19 【 Fonts:LargeMediumSmall

On 16 December 2016, China Resources Cement Investments Limited (“CRC Investments”) and Kunming Iron & Steel Holding Co., Ltd. (“KISC”) agreed to provide financial assistance to Yunnan Cement & Building Materials Group Co., Ltd. (“Yunnan Cement”) in proportion to their respective equity interest of 50% therein. As of the date of this announcement, each of KISC and CRC Investments have guaranteed bank loans of Yunnan Cement in the total amount of RMB1,003,750,000 (equivalent to approximately HK$1,124,200,000). In addition, KISC has advanced shareholder’s loans amounting to RMB1,192,000,000 (equivalent to approximately HK$1,335,040,000) to Yunnan Cement. Upon completion of provision of the abovesaid financial assistance, each of KISC and CRC Investments will have provided Yunnan Cement with: (i) guarantees in respect of bank loans in the total amount of RMB1,403,750,000 (equivalent to approximately HK$1,572,200,000) and (ii) shareholder’s loan amounting to RMB200,000,000 (equivalent to approximately HK$224,000,000).

Please refer to the Company’s announcement on HKEX:


Go Back

Sitemap|Privacy Policy|Copyright|Contact US

Copyright©2014 China Resources Cement Holdings Limited  JING ICP bei 05045648 NO.  Technical support: China Resources Cement Holdings Limited