Construction Materials

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Vinavico to temporarily stop mine operations and divest project

Friday, 20 Mar 2015 05:23am EDT

Vinavico Joint Stock Company:To temporarily stop operations at its Tham Then Mine, Tan Lap Ward, Luc Yen District, Yen Bai Province.To divest its stake in the construction stone mining and processing project at Pha Xum Mountain, Thanh Thuy Village, Thanh Xuan Ward, Nhu Xuan District, Thanh Hoa Province.

Chia Hsin Cement subsidiary plans on dissolution

Monday, 16 Mar 2015 04:48am EDT

Chia Hsin Cement Corp:Says subsidiary Sung Ju Marine Corporation plans on dissolution following sale of major operating facility.To complete liquidation in 2015.

JAPAN PILE to set up subsidiary for transition to holding company structure

Friday, 27 Feb 2015 03:00am EST

JAPAN PILE CORP:To set up a wholly owned subsidiary in Tokyo on March 2 in order to restructure the company into a holding company, effective in October.To transfer all rights and obligations except the assets related to the operation of the entire group to the subsidiary.

Konya Cimento Sanayii AS announces concrete division to be seperated from cement division

Monday, 23 Feb 2015 12:55pm EST

Konya Cimento Sanayii AS:Says Board decides to divide concrete division by performing partial demerger.Says Konya Cimento to establish a new subsidiary and transfer all assets and liabilities of concrete division to it.Says it will hold 100 percent of the new subsidiary.Says by demerging concrete division, aims at more flexible and yielding production and sales results.

H+H International announces restructuring of Polish operations including job cuts

Friday, 6 Feb 2015 08:52am EST

H+H International A/S:Announces overall Polish restructuring plan following H+H's acquisition of Grupa Prefabet S.A.New structure in Poland will lead to closure of three factories in addition to already mothballed H+H factory in Skawina, leaving six factories in operation.Says as a consequence of necessary restructuring, there will be redundancies involving around 200 employees.To achieve the optimal production set-up for the six remaining factories in Poland, H+H expects to make additional investments totalling about 20 million Danish crowns ($3.06 million) during FY 2015 and FY 2016.Says over the next 2-3 years H+H expects to be able to sell off assets (land, buildings, equipment and scrapped steel) at a total sales price exceeding 70 million crowns.

Luoyang Glass Co Ltd announces reorganisation and issue of shares as consideration for disposal and acquisition

Wednesday, 31 Dec 2014 06:53am EST

Luoyang Glass Co Ltd:Says Company entered into framework agreement with CLFG.Pursuant to which company has conditionally agreed to transfer its sale interests in outgoing entities and amounts due from outgoing entities to company, to CLFG at total consideration of 492,907,157 Yuan.CLFG has conditionally agreed to transfer 100.00 pct equity interest in incoming entity held by CLFG to company at consideration of 670,153,965 Yuan.Company has conditionally agreed to allot and issue total of 29,541,135 consideration shares at issue price of 6.00 Yuan per consideration share, which amounts to 177,246,808 Yuan in aggregate, to CLFG as settlement of difference in considerations of disposal and acquisition.Plans to undertake proposed placing of not more than 33,390,830 new A Shares based on issue price of not less than RMB6.69 per A Share to not more than 10 independent specific investors subsequent to completion of disposal, acquisition and issue of consideration shares.

Iktinos Hellas Greek Marble Industry SA completes merge of subsidiaries

Friday, 7 Nov 2014 07:40am EST

Iktinos Hellas Greek Marble Industry SA:Transfers 100 percent of Aioliki Lykofolia SA shares to its IDEI SA subsidiary.Says the 60,000 euros subsidiary transfer is for organizational reasons.


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