China’s Huaxin Cement shareholders approve revised pricing for Holcim issue
Huaxin Cement Co Ltd said its shareholders have approved a revision in the pricing of new shares to be issued to Holchin BV, a wholly-owned unit of Holcim.
On March 7, 2006, Huaxin announced plans to issue 160m A-shares to Holchin BV, making Holchin its largest shareholder. The price was set at no less than 90 per cent of the average stock price in the 20 trading days prior to the announcement.
