In today’s briefing:
- Taiwan Cement Placement- Suffers from Weak Momentum but Deal Is Well Flagged and SI Has Been Growing
Taiwan Cement Placement- Suffers from Weak Momentum but Deal Is Well Flagged and SI Has Been Growing
- Taiwan Cement (1101 TT) is looking to raise US$437m from its GDS offering.
- The firm is offering 84m GDSs, or 420m common shares (1:5 conversion), at a 5.1-7.8% discount to its last close.
- While momentum hasn’t been the greatest, the deal is well flagged and short covering could support share price in the near term.
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