[ET Net News Agency, 21 April 2017] TCC International (TCCI) (01136) said its
controlling shareholder Taiwan Cement Corporation (TCC) proposes to take the company
private by way of a scheme of arrangement and TCCI will delist from the Hong Kong Stock
Exchange.
TCC currently owns 63.05% interests of TCCI and plans to buy back all privately owned
shares at HK$3.6 per share, representing a premium of about 38.5% to the closing price of
HK$2.6. It also offered to swap shares with TCCI shareholders at a ratio of 0.42 TCC
shares per TCCI common share.
The total maximum cash consideration payable under the proposal is about HK$6,576
million.
Trading in shares of TCCI will be resumed this morning. (HL)
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IPO News
21/04/2017 08:48
Taiwan Cement plans to take TCC Int'l (01136) private