China: 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, to solidify control.
Shandong Shanshui Cement Group Ltd Founder Zhang Caikui, Chairman Zhang Bin and Chief Financial Officer Henry Li were among key managers whose positions were terminated on 3 December 2015. Tianrui's Vice Chairman Li Heping has succeeded Zhang Bin to become Chairman of the unit.