Taiwan Cement throws $549m fundraise in the mix

construction 230-150x
By John Loh
31 Jul 2018

Taiwan Cement Corp has raised $549m from an overnight Global Depositary Shares sale after exercising part of the greenshoe and pricing at the low end.

The Reg S/144A placement was launched after markets closed on Monday evening through bookrunners Bank of America Merrill Lynch, JP Morgan and Morgan Stanley.

The cement manufacturer initially offered $500m in the base deal, comprising 80m primary GDS equivalent to 400m shares, or 7.9% of its fully diluted ...

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