July 26 – Jiangxi Wannianqing Cement (000789) plans to set up a subsidiary called Jiangxi Wannianqing Mining Limited to manage its limestone and phyllite business, reports yicai.com, citing a company filing.

According to the Nanchang-based firm, limestone and phyllite are core inputs in cement production. The proposed wholly controlled subsidiary will have registered capital of 30 million yuan.

Source: CapitalVue