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News Asia Cement Holdings to go private

Asia Cement Holdings to go private

Written by Global Cement staff 06 June 2024
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China/Taiwan: Asia Cement (China) Holdings will be taken private in a US$647m deal by its majority owner, Taiwan-listed Asia Cement Corp. Asia Cement Corp offers US$0.41 per share for the remaining stakes in its Hong Kong-based unit, marking a 3% discount on the last closing price. Trading in Asia Cement China shares, suspended since 28 May 2024 after a surge, will resume on 6 June 2024. The firm is impacted by China’s struggling property sector and recorded a first-quarter loss of approximately US$18m in April 2024.

Last modified on 12 June 2024
Published in Global Cement News
Tagged under
  • China
  • Taiwan
  • Asia Cement China
  • Asia Cement
  • Privatisation
  • Deal
  • Hong Kong
  • Trading
  • Shares
  • Stake
  • GCW663
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