Date
12 December 2017

Asia Cement (China) unit to buy Lanfeng Cement, filing says

Asia Cement (China) Holdings Corp. (00743.HK), the mainland unit of Taiwan’s Asia Cement Corp., said in a regulatory filing on Thursday its partly-owned subsidiary Sichuan Yadong Cement Co. Ltd. has agreed to buy the entire stake of Sichuan Lanfeng Cement Co. Ltd. for 2.005 billion yuan (US$322.67 million). A final agreement is expected to be signed on April 16 after further negotiations, the filing said.

– Contact HKEJ at [email protected]

TL/AC/CG

 

 

 

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