The cement producer, which is a unit of state-run China Resources (Holdings) Co., plans to sell 1.64 billion shares in an indicative price range of HK$3.20- HK$3.90 each, with an option to sell an additional 246 million shares depending on demand, the term sheet said.
The company plans to use the proceeds to build cement production lines in the Chinese cities of Fengkai, Fuchuan, Shangxi, Tianyang, Wuxuan, and Shantou, the term sheet said.
