Taiwan Cement unit gains TWD270.38m on sale of Anhui Conch Cement H-shares
Taiwan Cement Corp said its unit TCC International Ltd booked a gain of TWD270.38m on the sale of a total of 1.11m H-shares of China’s Anhui Conch Cement Co Ltd.
The sales were conducted during May 19-29 at an average price of TWD283.58/share, Taiwan Cement said in a filing with the Taiwan Stock Exchange.
The latest sale reduced the unit’s holdings to 11.62 per cent in Anhui Conch’s H-shares, or 50.33m shares, accumulated at a cost of TWD10.47bn, it said.
Published under Cement News
