Displaying items by tag: Jilin Yatai Group
Three Chinese cement companies fined US$18.6m for price monopoly
09 September 2014China: The NDRC, China's price regulator, has fined three Chinese cement companies a combined amount of US$18.6m for engaging in a price monopoly. The three companies are Jilin Yatai Cement Sales Co, Northern Cement Co and Jidong Cement Jilin Co.
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Global Cement News
Jidong Cement plans to buy into Jilin Yatai
23 May 2014China: Tangshan Jidong Cement plans to acquire about 108.48 million additional shares in Jilin Yatai Group for US$60.3m, at US$0.56/share. After that, Jidong Cement will hold less than a 5% stake in Jilin Yatai. Jidong Cement said that the capital source of the external investment was a self-owned one and that the deal would not affect its 2014 operations.
Published in
Global Cement News