Asia Cement Corporation (TSEC:1102) acquired 0.86% stake in China Shanshui Cement Group Ltd. from institutional investors for approximately HKD 130 million on March 31, 2017. Asia Cement Corporation will acquire 28.9 million shares of China Shanshui Cement Group Ltd. at HKD 4.4 per share in cash. Goldman Sachs acted as broker for the institutional investors.

Asia Cement Corporation (TSEC:1102) completed the acquisition of 0.86% stake in China Shanshui Cement Group Ltd. from institutional on March 31, 2017.