Shui On Construction and Materials Ltd wholly-owned unit Shui On Building Materials Ltd said it will sell to Maxking Investments Ltd the entire issued share capitals of four companies it owns for HK$95. The four companies are Ken On Concrete Co Ltd, Instant Mortars Ltd, Shui On Cement Co and Honest China Ltd. Proceeds will be used to develop the group’s cement operations and property operations in Hong Kong and China.
Published under Cement News