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Construction Materials

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Cemex announces take-over bid for Trinidad Cement Limited

Monday, 5 Dec 2016 06:30am EST

Cemex Sab De Cv : Cemex announces take-over bid for Trinidad Cement Limited at 33.1% premium . Intends to consolidate trinidad cement limited and its subsidiaries .Cemex Sab De Cv - full acceptance of offer would result in a cash payment by Sierra of approximately tt$597 million (u.s.$89 million).

China National Materials Co updates on finance lease agreements

Friday, 18 Nov 2016 03:50am EST

China National Materials Co Ltd <1893.HK>: Kuche lessees agreed to sell Kuche leased assets to Taiping & Sinopec . Deal for aggregate consideration of RMB645 million . Kuche lessees, subsidiaries of company, and Taiping & Sinopec entered into Kuche finance lease arrangements . Aksu lessees, subsidiaries of company, and Taiping & Sinopec entered into AKSU finance lease arrangements . Aksu lessees agreed to sell aksu leased assets to taiping & sinopec . AKSU lessees agreed to sell AKSU leased assets to Taiping & Sinopec at an aggregate consideration of RMB355 million .Proceeds from sale of AKSU leased assets will be used to replenish AKSU lessees' working capital and to repay their borrowings.

South Valley Cement submits EGP 150 mln worth letter of guarantee for new cement licenses

Tuesday, 25 Oct 2016 09:22am EDT

South Valley Cement Co Sae :Submitted EGP 150 mln worth letter of guarantee for new cement licenses to Industrial Development Authority to complete bidding process.

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