West China Cement raises US$179m through IPO

West China Cement raises US$179m through IPO
Published: 02 November 2010

West China Cement Limited (WCC), a cement producer in the Shaanxi province of Western China, has raised HK$1.39bn (US$179m) through its initial public offering on the Hong Kong Stock Exchange with a Rule 144A/Regulation S global offering. WCC was previously listed on London’s Aim (Alternative Investment Market) and the offering was made simultaneously with a delisting from Aim. This is the first time for a Chinese issuer to transfer its listing from London to Hong Kong.