Shanshui Won't Have to Redeem Notes as Chairman to Remain

Updated on
  • Resolution to remove Zhang was voted 99.9% against in meeting
  • Company probably won't have to redeem its 2020 dollar bonds

Shareholders of China Shanshui Cement Group Ltd. voted to keep Chairman Zhang Bin at a meeting in Hong Kong Tuesday amid a fight for control of the nation’s seventh-largest cement maker that’s been dragging on since April.

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