www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

New board takes control of Shandong Shanshui after prolonged battle

(Xinhua) Updated: 2016-02-02 13:21

JINAN - A new board of directors has taken control of the Shandong Shanshui Cement Group Co, Ltd headquarters in Jinan, capital of Shandong province, following a prolonged power struggle, sources told Xinhua.

The boardroom battle began in December when Shandong Shansui's parent company and main operating entity, Hong Kong-listed China Shanshui Cement Group Limited, sacked former chairman Zhang Bin and several others associated with him to install a new board of directors.

Zhang and others sacked from China Shanshui's board were also members on the board of Shandong Shanshui, one of the largest cement producers in the country.

In a disclosure to the Hong Kong stock exchange on Dec 3, 2015, the newly appointed board of China Shanshui tried to appoint new directors and change the articles of association for the Shandong Shansui board.

But Shandong Shanshui, then still led by Zhang and the original board members, said the Dec 3 decision was ineffective because the Rules for the Implementation of the Law on Foreign-Capital Enterprises require such changes be approved by the government, which had not been the case for China Shanshui's decision.

The new board then accused the old board of retaining corporate seals that are required to acquire such an approval. Seals or chops are commonly required for verification in China's legal documents.

More than 1,000 employees from Shandong Shanshui gathered peacefully at the headquarters last Tuesday asking the old board to cede control of the seals and the headquarters.

On Saturday, the old board of directors capitulated and ceded control, according to a statement filed to the Hong Kong stock exchange on Monday.

"With the assistance of the local Jinan police, the company smoothly took over the headquarters and an additional 3 factories of Shandong Shanshui on January 30, 2016," the statement said.

Prolonged boardroom battle

Shandong Shanshui was state-owned before reorganizing into a public company listed in Hong Kong. After its initial listing, the board was led by chairman Zhang Caikui, who later transferred the chairmanship to his son Zhang Bin.

The two, along with several other members loyal to them, led the cement company until Tianrui Group, another cement producer based in Henan Province and also listed in Hong Kong, bought stakes in China Shanshui and became the single largest shareholder in 2015.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲狠狠狠一区二区三区 | 亚洲日韩精品欧美一区二区一 | 美女被爆免费视频软件 | 欧美精品一区二区三区免费观看 | 精品国产美女福到在线不卡f | 亚洲欧美成人综合在线 | 日韩毛片欧美一级a网站 | 成人做爰| 欧美一级一一特黄 | 99精品视频免费 | 日韩经典在线观看 | 506rr亚洲欧美 | 亚洲毛片一级巨乳 | 国产高清第一页 | 欧美一级永久免费毛片在线 | 日韩三级在线免费观看 | 欧美深夜在线 | 国产高清视频免费观看 | 欧美一区二区三区免费播放 | 免费人成在线观看网站品爱网 | 怡红院免费全部视频在线视频 | 欧美理论在线 | 在线成人97观看 | 美女黄频免费看 | 天天看夜夜操 | 国产精品露脸脏话对白 | 精品国产品欧美日产在线 | a级毛片免费 | 久久91精品国产91久久户 | 亚洲成人综合网站 | 国产免费网 | 国产成人狂喷潮在线观看2345 | 国产性生活 | 久久91精品国产91久久户 | 黄色片亚洲 | 亚洲a网 | 97久久精品一区二区三区 | 久久精品一区 | 国产国产人免费人成成免视频 | 精品国产一区二区三区四区vr | 欧美韩国日本一区 |