Asia Holdings Co., Ltd. cancelled to acquisition of an additional 1.32% stake in Asia Cement Co.,Ltd..
August 23, 2018
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Asia Holdings Co., Ltd. (KOSE:A002030) agreed to acquire an additional 1.32% stake in Asia Cement Co.,Ltd. (KOSE:A183190) for KRW 3.6 billion on August 23, 2017. Asia Holdings Co., Ltd. will acquire 0.04 million shares of Asia Cement Co.,Ltd in cash. After the transaction, Asia Holdings Co., Ltd. will hold 1.7 million shares amounting to 51.64% stake in Asia Cement Co.,Ltd. The Board of Directors passed a resolution for the transaction on August 23, 2017. The transaction is expected to be completed on August 23, 2017.
Asia Holdings Co., Ltd. (KOSE:A002030) cancelled to acquisition of an additional 1.32% stake in Asia Cement Co.,Ltd. (KOSE:A183190) on August 23, 2018.
ASIA CEMENT CO.,LTD. is a Korea-based company mainly engaged in the manufacture and distribution of cements. The Company mainly provides cements, including general Portland cements, moderate heat Portland cements, early-strength Portland cements, low heat Portland cements and sulfate resistance Portland cements; ready-mixed concretes (REMICONs), including general concretes , high strength concretes and low heat concretes, as well as dry mortars. It also involves in the leasing of leisure facilities and buildings. On June 3, 2014, it acquired additional shares of ASIA ADVANCED MATERIALS SDN.BHD and held 100% stake in the target company after the transaction.
ASIA CEMENT CO.,LTD. 
