Halla Cement Corp. announced that it expects to receive KRW 50 billion in funding from Asia Cement Co.,Ltd.
February 09, 2018
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Halla Cement Corp announced a private placement of 3,324,689 common shares of par value of KRW 2,159 per share and issue price of KRW 15,039 per share for gross proceeds of KRW 49,999,997,871 on February 9, 2018. Returning investor Asia Cement Co.,Ltd. (KOSE:A183190) will participate in the transaction and will retain its 100% stake in the company. The company issued 0.1329876 new shares shares for every one existing share to the investor. The subscription date, payment date, and eligibility date for dividend payout of new shares is February 13, 2018. The expected delivery date of new share certificates is February 14, 2018. The transaction has been approved from board of directors of the company.
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. 
