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Cnbm (03323.HK): Zeng Xuan resigned as the employee representative supervisor.
Gelonghui, November 6th - China National Building Material (03323.HK) announced that the company's board of supervisors received Ms. Zeng Xuan's written resignation on November 6, 2024. Ms. Zeng resigned as a staff representative supervisor due to job adjustment.
[Brokerage Focus] citic sec believes that the demand for the cement industry is expected to be in a downward trend in the medium to long term.
Jingu Financial News | Citic Securities stated that the cement industry's demand is expected to be in a downward phase in the medium to long term, with future industry changes focusing more on the supply side. In 2016, the supply-side reform of the cement industry led to a significant decrease in new cement clinker production capacity, but the speed of eliminating outdated capacity was slower than expected, and the industry still faces widespread overcapacity issues. Since 2024, cement demand has dropped significantly, with the industry suffering severe losses. The Ministry of Industry and Information Technology has revised and issued the "Cement Glass Industry Capacity Replacement Implementation Measures (2024 Edition)" in hopes of accelerating the clearance of over 0.3 billion tons of outdated cement clinker production capacity, reducing actual capacity from 2.1 billion tons to the designed capacity of 1 billion tons.
Express News | The 12th meeting of the 14th National People's Congress Standing Committee: Deepening revitalization and utilization to improve the efficiency of state-owned asset management.
Express News | CNBM: Completed the issuance of 2 billion yuan corporate bonds.
Building materials cement stocks are weak. Conch Cement (00914) fell by 3.34%. In late October, the national cement market demand slightly weakened compared to the previous month.
Kingwu Financial News | Building materials cement stocks were weak, with Conch Cement (00914) falling by 3.34%, Huaxin Cement (06655) falling by 2.39%, Westchinacement (02233) falling by 1.6%, Asia Cement (China) (00743) falling by 1.26%, CNBM (03323) falling by 0.6%. GTJA stated that in late October, the national cement market demand slightly weakened compared to the previous month, mainly due to the northern regions entering the off-season one after another, about to start the winter staggered production cycle; demand in the southern regions remained stable in order to improve profits during the final demand period, continuing to drive prices up.
The coupon rate of the fifth series of cnbm's technology innovation corporate bonds in 2024 is 2.30%.
CNBM (03323) announced that in 2024, the company will publicly issue technology innovation bonds (fifth tranche) targeting professional investors, with a issuance size of up to 2 billion yuan. This series of bonds is divided into two types, with Type 1 having a maturity of 3 years and Type 2 having a maturity of 5 years. The series introduces an inter-type clawback option, with no restrictions on the clawback ratio. The issuer and the bookrunner will negotiate and decide whether to exercise the inter-type clawback option based on the subscription situation within the total issuance size. On October 30, 2024, the issuance will take place.
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