China Resources Cement
Encyclopedia
China Resources Cement Holdings Limited (CRC) , parented by China Resources
, is a leading cement
and concrete
producer in Southern China. It is the largest NSP clinker
and cement producer in Southern China by production capacity and the second largest concrete producer in China by sales volume. It was established in 2003 and incorporated in Cayman Islands
.
in 2003 with its IPO price of HK$2.32 per share. In 2006, it was privatized by its largest shareholder
, China Resources (Holdings), with the acquired price of HK$2.45 per share. In 2009, CRC was relisted with its IPO price of HK$3.9 per share. However, its share price is still below its offer price after listing.
China Resources
China Resources is a group of companies in a wide variety of businesses in Hong Kong and mainland China. Some of its companies use the name in the form of the acronym CRC....
, is a leading cement
Cement
In the most general sense of the word, a cement is a binder, a substance that sets and hardens independently, and can bind other materials together. The word "cement" traces to the Romans, who used the term opus caementicium to describe masonry resembling modern concrete that was made from crushed...
and concrete
Concrete
Concrete is a composite construction material, composed of cement and other cementitious materials such as fly ash and slag cement, aggregate , water and chemical admixtures.The word concrete comes from the Latin word...
producer in Southern China. It is the largest NSP clinker
Clinker (cement)
thumb|200px|right|Typical clinker nodulesthumb|200px|right|Hot clinkerIn the manufacture of Portland cement, clinker is lumps or nodules, usually 3-25 mm in diameter, produced by sintering limestone and alumino-silicate during the cement kiln stage.-Uses:...
and cement producer in Southern China by production capacity and the second largest concrete producer in China by sales volume. It was established in 2003 and incorporated in Cayman Islands
Cayman Islands
The Cayman Islands is a British Overseas Territory and overseas territory of the European Union located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica...
.
Listing
China Resources Cement has been listed twice. It was firstly listed on the Hong Kong Stock ExchangeHong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
in 2003 with its IPO price of HK$2.32 per share. In 2006, it was privatized by its largest shareholder
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
, China Resources (Holdings), with the acquired price of HK$2.45 per share. In 2009, CRC was relisted with its IPO price of HK$3.9 per share. However, its share price is still below its offer price after listing.