Tag: cement

ZTE raises $338 million and TCC International pockets $109 million, while the controlling shareholder in Bawang reduces its stake to make another $132 million worth of shares ... Glorious Property prices in the bottom half for a $1.28 billion deal, while CR Cement raises $825 million after pricing at the top. In Korea, Tong Yang Life Insurance becomes ... The largest cement producer in Southern China is being marketed at a slight premium to some of its peers. The offering is the second most popular IPO with Hong Kong retail investors ever, giving the issuer little choice but to price at the top. The Chinese cement producer and property developer is seeking to raise up to $768 million from the IPO, which is the first in nine months where investors have been willing to ... The global cement company spends $1.61 billion to buy Cemex Australia and another $234 million on shares of Huaxin China, financing the deals through a $1.8 billion rights issue. The engineering equipment manufacturer gets $218 million for its 11.5% stake in UltraTech Cement. Germany's HeidelbergCement raises $300 million and reduces its holding in the Indonesian cement maker to 51%. At HK$2.80 a share, China’s second largest cement producer brings in $234 million from its IPO. The final price of HK$4.95 represents a 36% discount to the company's larger competitor Anhui Conch Cement, but some investors hold off with the aim of buying in the secondary ... The spin-off from Taiwan's Far Eastern Group is seeking to raise up to $310 million which will go towards aggressive capacity expansion. Li Ning's founder sells a 2% stake in the sports retailer for $75 million, while Taiwan's Far Eastern Textile raises $61.3 million from the sale of Asia Cement GDRs. The availability of asset swaps and shares to borrow fuel investor interest and allow the deal to be upsized by 20% to $180 million. Sinoma gains 35%, while BYD Electronic closes slightly higher and Vietnamese motorbike maker VMEP falls well below its IPO price. The company raises $150 million to expand its business, bringing the total amount raised through QIPs in the past two weeks to $2 billion. The cement equipment company records oversubscription numbers in the 100s and is the first listing candidate since China Railway to carry out a full clawback. The company is expected to benefit from China's ongoing construction boom as well as planned consolidation within the cement industry. The $115 million combined sale of primary and secondary shares comes after the Hong Kong-listed company announces a tie-up with the Ho Chi Minh City government. Strong demand for cement and successful company restructuring helps boost interest in the issue. Offering promoted as turnaround play after company moves back into the black.