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Prospect News home > News index > List of issuers C > Headlines for China Shanshui Cement Group Ltd. > News item
Published on 3/24/2016 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

China Shanshui shareholder pledges 791 million shares for bank loan

By Caroline Salls

Pittsburgh, March 24 – China Shanshui Cement Group Ltd. said substantial shareholder Tianrui Group Co. Ltd. pledged 791 million China Shanshui shares in favor of China Bohai Bank for a loan.

According to a company news release, the pledged shares represent 23.41% of China Shanshui’s issued share capital.

Tianrui holds 951.46 million China Shanshui shares, representing 28.16% of the company’s issued share capital.

The cement manufacturing company is based in Jinan, China.


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