State-owned China United Cement Group Corp is seeking a CNY798m three-year loan for the acquisition of Daewoo Cement (Shandong) Co Ltd, a subsidiary of Daewoo International Corp, banking sources said.
Bloomberg reports that several banks, including Chinese and foreign, are looking at the deal that is said to offer a margin of 110 per cent of the People’s Bank of China rate, Reuters reports.

Vietnam sees higher February dispatches
Cement dispatches in Vietnam increased by 62 per cent YoY to 4,099,468t in February 2025, accord...