China Shanshui dispute intensifies
Published by Joseph Green,
Editor
World Cement,
According to a report by Bloomberg, China Shanshui Cement Group Ltd faces a mounting managerial dispute after a unit filed a lawsuit against the company.
Shandong Shanshui Cement Group Ltd has accused China Shanshui of spreading rumours and filed suit in a court alleging it released ‘false and illegal statements’.
Investors in China Shanshui have been showing growing concern as the company struggles to settle internal disagreements.
To make matters worse, China Shanshui announced that authorities in Jinan refused to proceed with an application for change of directors of the Shandong unit.
Edited from source by Joseph Green. Source: Bloomberg
Read the article online at: https://www.worldcement.com/asia-pacific-rim/05012016/china-shanshui-dispute-intensifies-258/
You might also like
World Cement Podcast
Alfie Lloyd-Perks sits down with Christopher Ashworth, President of FLSmidth Cement, for a discussion covering: the journey to decarbonisation, the importance of partnerships and collaboration, the role of digitalisation, and more...
Hoffmann Green signs a partnership agreement with Groupe Morisset
Hoffmann Green Cement Technologies have announced the signing of a strategic partnership with Groupe Morisset, a leading family company in the Vendée region specialising in the construction of large-scale buildings.
