The major integrated cement producer in the Central Yangtze River Region and the Sichuan Region, Asia Cement (China) Holdings Corporation’s initial public offering (IPO) has been honoured as outstanding achievement in the professional investment market at The Asset’s Regional Deal Award 2008.
Asia Cement (China), with sole global co-ordinator BNP Paribas and joint bookrunners BNP Paribas and Royal Bank of Scotland (ABN AMRO), won the Best Mid-Cap Equity Deal by The Asset’s Regional Deal Award 2008. Asia Cement (China) in late May 2008 successfully raised US$273 million during a time when 10 companies in Hong Kong had withdrawn or postponed their planned offerings. The Asset described the transaction was among the best few first-day performers in Hong Kong the same year.
Mr. Hsu Shu-tong, Chairman of Asia Cement (China) said, "We would like to express our gratitude to BNP Paribas and Royal Bank of Scotland for fully supporting our IPO. We are proud that our IPO has obtained regional recognition in this renowned regional competition, honouring excellence in the investment market. The winning of this award is another testimony our outstanding performance following inclusion by MSCI."
The Asset Publishing and Research Ltd. is an integrated multi-media company serving the elite community of leading corporate and financial decision makers in Asia. The Asset’s annual Triple A honours are the most prestigious in the finance industry due to their rigorous assessment process. The awards recognize institutions and individuals that have made a significant contribution to the development of the finance industry in Asia.