Asia Cement Corp, a member of Taiwan’s Far Eastern Group, is planning an initial public offering in Hong Kong as early as next year, the Economic Daily News reported Friday, citing Far Eastern Group Chairman Douglas Hsu.
The group, which also includes Far Eastern Textile Ltd and Far Eastern Department Stores Ltd, aims to eventually list all of its publicly traded members in Hong Kong, the newspaper cited Hsu as saying.
He didn’t give a timetable for the other companies’ IPO plans.
