Asia Cement Corp plans US$200m HK listing

Asia Cement Corp plans US$200m HK listing
Published: 11 April 2008

Asia Cement Corp, a subsidiary of Taiwan-based Far Eastern Group, plans to raise as much as US$200m through an Hong Kong IPO scheduled for this month, the Standard reported. The company will launch its roadshow at the end of this month and the newly issued shares are expected to start trading in mid-May. The cement firm is the fifth company to list in Hong Kong before May, and it has appointed BNP Paribas and ABN Amro Rothschild to arrange the offering.