China United Cement Intends to Transfer 49% Equity of a Cement Enterprise

2023-02-02 11:03:38

China United Cement Group Co., Ltd. intends to transfer its 49% stake in Taiyuan Shitou Cement Co., Ltd.

Recently, China Cement Network learned from the Shanghai United Property Exchange that China United Cement Group Co., Ltd. intends to transfer 49% of its shares in Taiyuan Shitou Cement Co., Ltd. at a negotiable price.

It is understood that Taiyuan Shitou Cement was established in June 2011 with a registered capital of 500 million yuan. Its business scope includes production and sales of cement, cement clinker , commercial concrete and new wall materials; manufacturing, installation and technical consultation of cement production equipment; and processing of cement bags. According to the financial data of Taiyuan Shitou Cement in May 2022, its operating income is 14022 0.28 million yuan, net profit-2.5573 million yuan, total assets 85812 0.38 million yuan, total liabilities 43700 0.31 million yuan, and owner's equity 421.206 million yuan, of which the monetary capital is about 100 million yuan, fixed assets are about 600 million yuan, and the fixed assets are about 100 million yuan. And other assets such as inventories and notes receivable.

The shareholding structure of the company is as follows: Taiyuan Shitou Group Co., Ltd. holds 51% of the shares, and China United Cement Group Co., Ltd. holds 49% of the shares.

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China United Cement Group Co., Ltd. intends to transfer its 49% stake in Taiyuan Shitou Cement Co., Ltd.

2023-02-02 11:03:38

On January 15, 2021, Fujian Provincial Department of Industry and Information Technology announced the capacity replacement plan of Fujian Cement Co., Ltd. for the construction project of cement clinker production line with a daily output of 4500 tons, which was not organized and implemented for some reasons. Now the enterprise applies for the change of the announcement.