China Resources Cement Holdings Limited (CRC) (), parented by

China Resources China Resources Holdings Company Limited (), or simply China Resources, is a Chinese state-owned conglomerate that owns a variety of businesses in Hong Kong and Mainland China. Some of its subsidiaries use the name in the form of the acronym CRC ...

, is a leading

cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mix ...

and

concrete Concrete is a composite material composed of fine and coarse aggregate bonded together with a fluid cement (cement paste) that hardens (cures) over time. Concrete is the second-most-used substance in the world after water, and is the most wi ...

producer in

Southern China South China () is a geographical and cultural region that covers the southernmost part of China. Its precise meaning varies with context. A notable feature of South China in comparison to the rest of China is that most of its citizens are not n ...

. It is the largest NSP

clinker Clinker may refer to: *Clinker (boat building), construction method for wooden boats *Clinker (waste), waste from industrial processes *Clinker (cement), a kilned then quenched cement product * ''Clinkers'' (album), a 1978 album by saxophonist St ...

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 The Cayman Islands () is a self-governing British Overseas Territory—the largest by population in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located to the ...

Listing

China Resources Cement has been

listed Listed may refer to: * Listed, Bornholm, a fishing village on the Danish island of Bornholm * Listed (MMM program), a television show on MuchMoreMusic * Endangered species in biology * Listed building, in architecture, designation of a historicall ...

twice. It was firstly listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

in 2003 with its

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

price of HK$2.32 per share. In 2006, it was

privatized Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

by its largest

shareholder A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal own ...

, 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 Cement falls below IPO price
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References

External links

China Resources Cement Limited
{{authority control Cement companies of Hong Kong Companies listed on the Hong Kong Stock Exchange Government-owned companies of China China Resources Companies established in 2003