Qilianshan Cement to establish 4 subsidiaries

Byswb

Updated Tue, 01 Mar 2011 00:00:00 GMT

Gansu Qilianshan Cement Group (600720) will establish four subsidiaries in Gansu Province, reports stcn.com, citing a group filing.

Three of the four new companies will have registered capital of 50 million yuan, with the fourth having 30 million yuan.

Qilianshan Cement's new entities will be involved in specific concrete and cement projects, dry-process cement production lines, and various auxiliary works.