Three million shares in Sampyo Cement to be sold

Tongyang Networks Corp says it plans to sell three million shares in Sampyo Cement Co Ltd, a South Korean cement firm, for KRW13.72bn (US$12.8m).

Sampyo Cement is a slag cement producer with a cemnt capacity of 11Mta that owns the Samcheok integrated plant producing Portland cement and a grinding plant in Donghae, as well as two slag cement plants in Gwangyang and Busan.