CRC Holdings signed an $80million credit agreement

Byzhangli

Updated Thu, 27 Feb 2014 00:00:00 GMT

As is reported on February 21st, China Resources Cement Holdings Limited announced that it had entered into a four year $80 million regular credit agreement with a bank.

According to the agreement, the company will be considered a breach of the contract if China Resources Cement Group no longer holds more than 51% issued share capital of the company. At present, CRC Group owns approximately 73.35% of the issued share capital of the company.