Chinese cement and clinker maker and seller Tangshan Jidong Cement is tol inject CNY 1.09 billion (€159.77 million/US$175.56 million) into its wholly-owned subsidiary Tongchuan Company.
The newly-obtained capital will be spent by China-based Tongchuan Company on loans repayment.
Tongchuan Company generated a loss of CNY 179 million in net profit attributable to shareholders during January-June 2015. It generated a loss of CNY 188 million in net profit in 2014.
