Chinese cement producer expands holdings

    December 14, 2010 | BY

    clpstaff &clp articles

    China Resources Cement Holdings (CRC) has acquired the cement and ready-mix concrete business of Yue Xiu Enterprises (Yue Xiu) for HK$1.24 billion (US$159…

    China Resources Cement Holdings (CRC) has acquired the cement and ready-mix concrete business of Yue Xiu Enterprises (Yue Xiu) for HK$1.24 billion (US$159 million). CRC is one of southern China's top concrete and cement producers and a subsidiary of China Resources.

    Advising the seller was Mayer Brown JSM, Concord & Partners and Jones Day as to Hong Kong, PRC and US laws respectively.

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