On June 6th, Glonhui reported that Asia Cement (China) (0743.HK) fell by over 10%, with a share price dropping below 3 Hong Kong dollars, and a market cap of 4.67 billion Hong Kong dollars. The company announced last night that the controlling shareholder, Asia Cement Corporation, proposed to privatize the company through an agreement arrangement, with a price of HKD 3.22 per share, a discount of 3.01% before the suspension. In the two days before the suspension, the share price had risen by about 50% cumulatively. According to the information released by The Hong Kong Stock Exchange, Far East Century is the largest shareholder of Asia Cement, holding approximately 73.07% of its shares.
港股异动 | 亚洲水泥(中国)大跌超10% 控股股东折价提私有化
Hong Kong stock abnormal movement | Asia Cement (China) falls more than 10%, controlling shareholder discounts to privatize.
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