Taiwan Cement Co completes Prosperity Minerals purchase

Taiwan Cement Co completes Prosperity Minerals purchase
Published: 13 August 2010

Taiwan’s largest cement manufacturer, Taiwan Cement Co, on Thursday acquired China’s Prosperity Minerals Holdings for HK$3.8bn (US$489m), according to the Central News Agency (CNA).

Taiwan Cement bought Prosperity Minerals Holdings, which is owned by Prosperity International Holdings (HK) Ltd, through its subsidiary, TCC International Holdings Ltd.

The purchase deal, signed in Beijing, covers all of Prosperity Minerals’ cement production except its plant in Anhui Province.