china-resources-cement-seeks-825-million-from-hk-listing

China Resources Cement seeks $825 million from HK listing

The largest cement producer in Southern China is being marketed at a slight premium to some of its peers.

While the IPO candidates in Hong Kong are becoming more varied in terms of their business lines as the environment improves, China Resources Cement CR Cement is one of those companies that could have attracted attention even during the more difficult first half of the year. The largest cement and clinker producer in Southern China and the country's second largest producer of concrete, CR Cement has a strong position in one of the fastest-growing areas in China and is an obvious beneficiary of the government's $585 billion stimulus package which is heavily focused on the construction of infrastructure and affordable housing.

It is also owned by the same parent as Hong Kong-listed China Resources Enterprise,...

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