Hong Kong-listed Shui On Construction & Materials and Lafarge injected a further HK$155.2m (approcx US$25m) in cash into the companies’ Chinese cement joint venture, Shui On said Wednesday. Shui-On said the new cash injection will provide working capital for the joint venture’s cement operation in China.
Shui-On said in a statement it put in an additional HK$69.8m while Lafarge invested an extra HK$85.4m in the joint venture, Lafarge Shui On Cement. The Hong Kong company has a 45 stake in the joint venture, and the remainder is held by Lafarge.
