Cemex Philippines rises 4.2%
Published by Joseph Green,
Editor
World Cement,
Reuters are reporting that shares of Cemex Holdings Philippines Inc opened at 11.20 pesos, above the offer price for Southeast Asia's second-largest initial public offering this year.
The IPO was priced at 10.75 pesos, raising 25.13 billion Philippine pesos (US$537 million), the Philippines' biggest since 2013.
Cemex Philippines is banking on the new government's pledge of massive infrastructure spending and an ongoing private sector construction boom.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/asia-pacific-rim/18072016/cemex-philippines-rises-549/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
RHI Magnesita announces Q1 trading update
RHI Magnesita have provided an update on trading for the three months to 31 March 2025.
