Asia Cement to acquire the remaining 26.62% stake in Asia Cement (China) for $172m.

Synopsis

Asia Cement, a Taiwanese cement company, offered to acquire Asia Cement (China), an investment holding company manufacturing and selling cement, concrete, and related products, for $172m. On August 26, 2024, Asia Cement (China)'s shareholders have rejected the its majority owner's take-private offer.

Principals

target

Asia Cement (china) Holdings Corporation (acchc)

bidder

Asia Cement Corporation (acc)

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