another-chinese-cement-producer-kicks-off-roadshow

Another Chinese cement producer kicks off roadshow

China Shanshui Cement intends to raise up to $305 million to be used for M&A activities.
The largest cement producer in the northeastern Chinese provinces of Shandong and Liaoning, China Shanshui Cement Group, will start bookbuilding today for an initial public offering that aims to raise between HK$1.76 billion and HK$2.37 billion $225 million to $305 million.

The price range has been set at HK$2.70 to HK$3.65 a share. The company is selling 25% of its enlarged share capital in the form of 650.84 million shares, all of which are primary. There is a 15% greenshoe, which could bring another 97.5 million shares into the deal and raise the total proceeds to $350 million. The institutional tranche takes up 90% of the deal, with the remaining...
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