Sinoma becomes the largest shareholder of Qilianshan


Updated Fri, 13 Aug 2010 00:00:00 GMT

On August 9, Gansu Qilianshan Cement Group Co., Ltd released that China National Materials Co., Ltd (Sinoma Ltd) had already become the largest shareholder of Qilianshan according to the shareholding ratio. As of July 30, Sinoma Ltd holds 60.8123 million shares of Qilianshan, accounting for 12.81% of the total capital sotck.
During the period from June 30 to July 30, Sinoma Ltd increased 2.017 million shares in Qilianshan in secondary market. According to Qilianshan's interim report 2010, Sinoma Ltd has leaped into the largest shareholder of Qilianshan after the completion of increasing stock holdings.
Gansu Qilianshan Building Materials Holdings Co., Ltd, in which Sinoma Ltd holds 51% of the shares, still holds 60.7124 million shares of Qilianshan and became the second largest shareholder.