West China Cement Limited (China)

The Company principal business activities are the manufacture and sales of cement and cement products. The Company and its subsidiaries are principally engaged in the production and sale of cement in Shaanxi Province, the People's Republic of China.
The Company's ordinary shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited.
HISTORY
The Company was incorporated in Jersey on 16 October 2006 following a re-organisation of the Group, but its history can be traced back to 1977. Its shares are listed on the London Stock Exchange on 4 December 2006. The Company's ordinary shares have been listed on the Main Board of The Stock Exchange of Hong Kong Limited since August 23, 2010.
Delisted on AIM, LSE
At the Extraordinary General Meeting of the Company held on 20 July 2010, shareholders approved the resolutions, amongst others, to renew the authority granted by the shareholders for the De-listing. The timing of the De-Listing is contingent upon the timing of the HKEx Listing. The De-Listing is expected to take place on 23August 2010 and that the first trading day on the HKEx will be on the same day.
2011
The Company successfully issued a USD400 million 5-Year Senior Note at 7.5 p.a. interest rate.
The Group established its first production base in Xinjiang through the acquisition of the Hetian Plant in Hotan region in May. The Group also announced the construction
of the Yutian Plant in Hotan, Xinjiang. The Group's third plant in Hanzhong region, the Hanzhong Xixiang Plant, was commissioned in May. The Group acquired the Weinan Hancheng Plant in May.
2012
The Group's Shangluo Danfeng Line 2 Plant was commissioned in April. The Group acquired the Weinan Shifeng Plant and the Weinan Fuping Plant in April and June 2012, an important move in the supply consolidation process in Shaanxi Province and strengthening its presence in the Xi'an Metropolitan market.
The Yutian Plant, Hotan, Xinjiang was commissioned in August.
2013
The Company successfully issued a RMB800 million 3-Year Mid-Term Note at 6.1 p.a. interest rate in March. Most of the proceeds were used to refinance short-term
bank borrowings.
2014
The Group completed phase I of the Lantian Cement Kiln Waste Sludge Treatment Facility in January, the first of such facilities in Shaanxi Province and North West China.
This marks an important step in the Group's on going efforts in environmental protection solutions, and a new revenue stream for the Group.
2015
Completion of the construction of the 1.5 million ton Xinjiang Yili Plant and the 1.8 million ton Guizhou Huaxi Plant with full commissioning commencing in the first quarter of 2015.
Announcement in June of a subscription by Conch International Holdings (HK) Limited, a wholly owned subsidiary of Conch Cement for new shares in the Group equal to approximately 16.67 of total issued share
capital of the Company as enlarged by the subscription shares.
The Group acquired the Yaowangshan Cement Plant, with a cement capacity of 2.2 million tons, in October taking Group total current capacity to 29.2 millions tons.
Subsequently, both Conch Cement and the Company, among others, entered into an acquisition agreement
(the “Acquisition Agreement”) in November whereby the Group purchases 4 cement plants in Central Shaanxi
from Conch Cement totaling 10.4 million tons of cement capacity in consideration of an issue of 3,402,876,000
shares by the Company (“Consideration Shares”). After the issue of the Consideration Shares, Conch Cement will
increase their holding in the Group to 57.57 .
2016
As certain conditions precedent of the Acquisition Agreement were not satisfied or waived before 5:00 pm on
30 June 2016, the long stop date under the Acquisition Agreement, the Acquisition Agreement ceased and was
determined.
The Group successfully issued the first tranche of the short-term notes with an aggregate principal amount of
RMB800 million at the interest rate of 5.5 per annum, and with a term of one year to investors in the national
inter-bank market in the PRC on 15 March 2016.
Fuping Municipal Waste Treatment Facility was commissioned in March.
2017
The Group successfully issued the second tranche of the short-term notes with an aggregate principal amount
of RMB400 million at the interest rate of 6.98 per annum, and with a term of one year to investors in the
national inter-bank market in the PRC on 3 March 2017.
Mianxian Solid Waste Treatment Facility was commissioned in October.
2018
The Group early redeemed USD80 million 5-year senior note in November and December 2018.
Four aggregates production lines with capacities of 7 million tons in total were commissioned.
2019
The Group fully repaid USD400 million 5-year senior note at the maturity date in September 2019.
The Group successfully raised a syndicated loan of USD150 million with a term of three years in September 2019.
The Group's production capacities of aggregates and commercial concrete increased to 15.1 million tons and
4.55 million cubic meters, respectively.
2020
The Moyu Plant, Xinjiang was commissioned in December.
The Mozambique Plant, Africa was commissioned in December.
The Group's production capacity of commercial concrete increased to 9.8 million cubic meters.