Shanshui Management Ousted From Unit as Tianrui Seeks Control

  • Tianrui Vice Chairman Li takes over as chairman of unit
  • Shanshui asks lawyers to take legal actions against Zhangs

The management of China Shanshui Cement Group Ltd.’s operating unit was ousted two days after executives of its parent were dismissed, in a move analysts said underscores efforts by the company’s biggest shareholder Tianrui Group Co. to solidify control.

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