Taiheiyo Cement to acquire stake in Solusi Bangun Indonesia via rights issue

Taiheiyo Cement Corporation will acquire a stake in PT Solusi Bangun Indonesia Tbk. through a rights issue worth US$220 million, planned for July 2021. The transaction is a continuation of the cooperation between Taiheiyo Cement and Semen Indonesia Group.

“Perusahaan semen asal Jepang, Taiheiyo Cement Corporation, akan mengakuisisi saham milik PT Solusi Bangun Indonesia Tbk. lewat penambahan modal dengan hak memesan efek terlebih dahulu (HMETD) atau rights issue senilai US$220 juta.”market.bisnis.com

• 2 sources
• market.bisnis.comSuntik Dana Rp3 Triliun, Perusahaan Semen Jepang Masuk ke SMCB pada Juli 2021Dwi Nicken TariJan 28, 2021
• globalcement.comTaiheiyo Cement concludes acquisition of 15% stake in Solusi Bangun IndonesiaGlobal Cement staffFeb 1, 2021

Summarized from public sources; check the original articles before acting on it.