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Published on 3/13/2017 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

China Shanshui unit’s shareholders change Shandong Shanshui management

By Caroline Salls

Pittsburgh, March 13 – China Shanshui Cement Group Ltd. announced Monday that wholly owned subsidiary and Shandong Shanshui Cement Group Co. Ltd. sole shareholder China Pioneer Cement (Hong Kong) Co. Ltd. issued several shareholder resolutions related to Shandong Shanshui’s management.

According to a China Shanshui news release, the China Pioneer shareholders resolved to remove Li Maohuan, Yu Yuchuan, Zhao Liping and Chen Zhongsheng as directors of Shandong Shanshui and to terminate Yu Yuchuan, Zhao Liping and Chen Zhongsheng from all their duties, powers functions and authorities in Shandong Shanshui and all of its subsidiaries and terminate their employment.

In addition, the shareholders resolved to remove Liu Xianliang from office as supervisor of Shandong Shanshui, to terminate Liu Xianliang’s employment, to appoint Liu Yiu Keung Stephen, Yen Ching Wai David, Chong Cha Hwa and Liu Dequan as directors of Shandong Shanshui and to appoint Yen Ching Wai David as general manager (external affairs) of Shandong Shanshui.

Li Heping is the chairman and authorized representative of Shandong Shanshui, Yang Yongzheng is the chief executive, Yen Ching Wai David is the manager of external affairs, and Zhao Yongkui is the deputy general manager of finance.

Shandong Shanshui’s directors are Li Heping, Yang Yongzheng, Su Aizhen, subject to approval by China Cinda Asset Management Co., Ltd., Liu Yiu Keung Stephen, Yen Ching Wai David, Zhao Yongkui, Chong Cha Hwa, Gao Yong and Liu Dequan.

The management changes are effective immediately.

China Shanshui is a cement manufacturing company based in Jinan, China.


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