Shanshui Cement investors vote to oust directors
Published by Joseph Green,
Editor
World Cement,
Bloomberg has reported that investors in the China Shanshui Cement Group Ltd have voted to drive out directors including Chairman Zhang Bin.
The move to oust the directors passed with 96% in favour at an extraordinary general meeting held in Hong Kong on 1 December 2015.
Shanshui failed to pay 2 billion yuan (US$312.6 million) of onshore debentures in November, becoming at least the sixth Chinese firm to default in the local bond market this year.
Edited from source by Joseph Green. Source: Bloomberg
Read the article online at: https://www.worldcement.com/asia-pacific-rim/03122015/shanshui-cement-investors-vote-oust-directors-108/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
