China Resources Building Materials Technology Holdings Ltd - ADR

NEW
OTCPK:CARCY (Hong Kong)   ADR
$ 6.35 (0%) 11:08 PM EST
50.40
P/B:
0.23
Volume:
-
Avg Vol (2M):
457.00
Trade In:
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Volume:
-
Avg Vol (2M):
457.00

Business Description

Description
China Resources Building Materials, or CRBM, mainly engages in the production and sale of cement, clinker, and concrete in Southern China. The company was established in 2003, with parent company China Resources Group holding 68% of its total equity stake. While cement and clinker products have been the largest contributors to CRBM's earnings historically, the firm has actively forayed into related sectors such as aggregates and engineered stones in recent years. Its major customers include real estate and infrastructure builders in provinces such as Guangdong, Guangxi, and Fujian.