Asia Cement (China) Holdings (DE:4OJ) has released an update.
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Asia Cement Corporation has received approval from the MOEA for additional investment in Asia Cement (China) Holdings, advancing the proposed privatisation of the latter under a scheme of arrangement. This marks the fulfillment of a key condition as outlined in earlier announcements, moving the potential privatization process forward. Shareholders and potential investors are reminded that the privatization is conditional and advised to exercise caution.
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