Shareholders raise $110 million from Asia Cement block sale

Taiwan's Asia Cement joins a flurry of follow-on deals in Asia, while Chinese property developer Evergrande launches a top-up placement worth $580 million.

<div style="text-align: left;"> Yu Yuan Investment and Bai Ding Investment sold $110 million of Asia Cement shares </div>

January 17, 2013

Two shareholders in Asia Cement reduced their stakes in the Taiwanese cement producer last night, raising NT$3.2 billion ($110 million) after fixing the price at the bottom of the indicative range.

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