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China Shanshui Cement Group Ltd (0691.HK)

0691.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China Shanshui Cement updates on ‍legal action against co & chairman
Friday, 11 Aug 2017 09:05am EDT 

Aug 11 (Reuters) - China Shanshui Cement Group Ltd <0691.HK>:Refers to ‍legal action commenced by Mi Jingtian against co and Liu Yiu Keung, Stephen, chairman of board of co​.Mi Jingtian has through his legal representative taken unilateral step to file notice of discontinuance of legal action.Company has right to seek costs and damages against Mi Jingtian.Notice of discontinuance of legal action filed to stop further proceeding with legal action.  Full Article

China Shanshui Cement to record HY net loss, updates on former senior management of Shandong Shanshui
Tuesday, 8 Aug 2017 08:13am EDT 

Aug 8 (Reuters) - China Shanshui Cement Group Ltd <0691.HK>:Expected that group will continue to record a net loss for six months ended 30 June 2017.Expected result due to increase in average selling price of cement in domestic PRC market during first half of 2017.Updates on legal actions against former senior management of Shandong Shanshui.Jinan government is assisting co to restructure board & senior management of Shandong Shanshui.Jinan government is assisting co to also resolve illegal occupation of properties of Shandong Shanshui by its former senior management.Public float of company has been delayed by placing agents due to illegal occupation.  Full Article

Chin Shanshui Cement Group announces PRC legal action against Shandong Shanshui
Thursday, 29 Jun 2017 09:57am EDT 

June 29 (Reuters) - China Shanshui Cement<0691.HK>:Legal Action Against Shandong Shanshui And Appointment Of Receivers Of Shares In Csi .Notified by its prc legal advisors that shandong shanshui cement group company limited is in course of conducting mediation.Prc legal action against shandong shanshui.Illegal occupation of properties of shandong shanshui by its former senior management has constituted an obstacle to mediation.Judgment ordered shandong shanshui to pay claimants principal plus liquidated damages of over rmb500 million​.  Full Article

Shanshui Cement says Asia Cement Corporation issues a petition against co
Friday, 2 Jun 2017 10:31am EDT 

June 2 (Reuters) - Shanshui Cement <0691.HK>:Petition was issued by Asia Cement Corporation in court of first instance in high court of hong kong against tianrui (international) holding and others.Current view of board is that petition does not affect current operation of company in any material aspect.Petitioners alleged Tianrui, Csi, former/present directors conspired and caused co to perform misconduct which benefit tianrui.Petitioners asserted that alleged conspiracy harmed interest of shareholders of co, breached listing rules and fiduciary duties.Company strictly reserves all its rights to dispute and defend claims in petition.  Full Article

China Shanshui Cement updates on legal actions against former directors & former senior management
Thursday, 1 Jun 2017 10:20am EDT 

June 1 (Reuters) - China Shanshui Cement Group Ltd <0691.HK>:On 31 May, High Court Of Hong Kong made order that April 11 injunction order will continue to be in force until further order.Refers to announcement on legal action commenced against former directors.Pursuant to terms of injunction order, former senior management is prohibited from holding themselves out as being director of Shandong Shanshui.Court ruled that former directors are ordered to return official seal of Shandong Shanshui within 10 days from effective date of judgement.Court on 30 may ruled appointment of li heping as legal representative of shandong shanshui is legitimate and effective.Court on 30 may ruled article of association of shandong shanshui dated 14 oct 2015 is illegal and is therefore invalidated.  Full Article

China Shanshui Cement says shareholder plans to divests entire stake in company
Wednesday, 31 May 2017 10:53am EDT 

May 31 (Reuters) - China Shanshui Cement Group Ltd <0691.HK>:Received letter from China Shanshui Investment Company that it invited each of ACC,CNBM & Tianrui to acquire stake in co.Deal to acquire all its shareholdings in co at hk$5.50 per share.Shareholders of company and public should note that ACC, CNBM AND Tianrui may or may not make offer.  Full Article

Asia Cement buys 23.1 mln shares in China Shanshui Cement Group at HK$102.7 mln
Tuesday, 16 May 2017 06:04am EDT 

May 16 (Reuters) - Asia Cement Corp <1102.TW> ::* Says co buys 23.1 million shares of China Shanshui Cement Group Ltd <0691.HK> with transaction amount of totaling HK$102.7 million .  Full Article

China Shanshui Cement fails to make interest payment on medium-term note
Friday, 12 May 2017 05:16am EDT 

May 12 (Reuters) - Shanghai Clearing House said::China Shanshui Cement Group Ltd <<<0691.HK>>> fails to make interest payment on medium-term note due May 12 .  Full Article

China Shanshui Cement Group obtains injunction order against former senior management
Wednesday, 12 Apr 2017 10:55am EDT 

China Shanshui Cement Group Ltd <0691.HK> : Injunction Order Obtained Against Former Senior Management; . Update On The Actions With Regards To Mi Jingtian And His Associates . Refers to announcements relating to removal of former senior management, commencement of high court action against them . China Pioneer Cement (Hong Kong) Co Ltd and Shandong Shanshui obtained from High Court Of Hong Kong an injunction order against former senior management . Yu Chun Liang, Yang Yongzheng, and certain employees of Shandong Shanshui were detained due to their alleged violation of criminal law of China . Liu Dequan, certain employees of Shandong Shanshui were detained due to alleged violation of public security administration punishments law of prc . April 11 injunction order will remain in force until return hearing, which will take place on 21 April 2017 . Former senior management are prohibited from, holding themselves out as being director or officer of Shandong Shanshui . Mi Jingtian, Zhao Liping, Li Maohuan and Yu Yuchuan are prohibited from removing from Hong Kong any of their assets, for each of them up to value of RMB142 million . Former senior management prohibited from holding themselves out as being director or officer of Shandong Shanshui Source (http://bit.ly/2ptyADM) Further company coverage: [0691.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

China Shanshui Cement Group updates on litigation against former senior management
Thursday, 30 Mar 2017 11:07am EDT 

China Shanshui Cement Group Ltd <0691.HK> : Litigation Against Former Senior Management . Company seeks protection of group's assets from being seized by way of any unlawful means . Company seeks protection of group's assets from being seized by way of any unlawful means . Co, China Pioneer Cement and Shandong Shanshui as plaintiffs have commenced legal action against former senior management ."Company also seeks, inter alia, damages in respect of harm and loss incurred by unlawful acts of former senior management".  Full Article

Feuding China cement maker says key shareholder offers to divest stake

HONG KONG China Shanshui Cement Group Ltd , at the center of a bitter boardroom battle involving investors and executives, said on Thursday that a major shareholder had offered to divest its 25 percent stake for around $600 million.