Slaughter and May advised the joint placing agents on China Resources Cement Holdings Limited’s top-up placing of shares
Slaughter and May advised China International Capital Corporation Hong Kong Securities Limited and Goldman Sachs (Asia) L.L.C., acting as joint placing agents, in relation to China Resources Cement Holdings Limited’s top-up placing of shares, which involves the placing of existing shares and top-up subscription of new shares for a total consideration of HK$4.18 billion.
China Resources Cement Holdings Limited intends to use the proceeds from this transaction for the development of prefabricated construction and aggregate business, the repayment of debts and as general working capital of the company.
China Resources Cement Holdings Limited is a leading cement and concrete producer in Southern China and is listed on the Main Board of the Stock Exchange of Hong Kong Limited.