Asia Cement to list China business in Hong Kong
The spin-off from Taiwan's Far Eastern Group is seeking to raise up to $310 million which will go towards aggressive capacity expansion.
Asia Cement China Holdings will kick off the institutional roadshow for its Hong Kong initial public offering today with the aim of raising between HK$1.82 billion and HK$2.42 billion $233 million to $310 million. The company, which is a spin-off of the Chinese operations owned by Taiwan-listed Asia Cement Corporation, is coming to market in the midst of an aggressive expansion phase and at a time when demand for infrastructure developments in China remains strong.
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