Taiheiyo signs capital investment agreement in Solusi Bangun Indonesia
Taiheiyo signs capital investment agreement in Solusi Bangun Indonesia 27 January 2021 PT Solusi Bangun Indonesia Tbk (SMCB), PT Semen Indonesia Industri Bangunan and Japan-based Taiheiyo Cement Corp signed a capital transfer and inclusion agreement and cement sale and purchase master agreement (offtake agreement) on 26 January. The transfer and capital participation agreement reflects the planned capital investment by Taiheiyo in the former Holcim subsidiary through the issuance of new shares with the right to pre-order securities (HMETD) or rights issue. "The implementation ...
Source: cemnet.com