Western Cement intends to issue senior notes with an aggregate principal amount of US $400 million

2025-11-26 10:11:43

West Cement (02233. HK) announced that on 25 November 2025, the Company and the Subsidiary Guarantors entered into the Purchase Agreement with CICC, HSBC and J. P. Morgan in connection with the issue of the Notes in the aggregate principal amount of US $400 million (being the US $400 million aggregate principal amount of 9.90% senior notes due 2028 to be issued by the Company).

Western Cement (02233. HK) issued a notice on November 25, 2025. The Company and the Subsidiary Guarantors entered into a purchase agreement with CICC, HSBC and J. P. Morgan in connection with the issuance of the Notes in the aggregate principal amount of US $400 million, being the US $400 million aggregate principal amount of 9.90% senior notes due 2028 to be issued by the Company.

The Company intends to use the gross proceeds from the Notes Issue together with cash on hand to repurchase, redeem or repay the Company's existing indebtedness (including the 2026 Notes pursuant to a simultaneous tender offer or through redemption) and to fund its working capital (including current liabilities). The gross proceeds from the Notes Issue, before deducting underwriting commissions and other estimated expenses payable by the Company in connection with the Notes Issue, will be approximately US $396.46 million. The Company will seek a listing of the Notes on the Stock Exchange.

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Correlation

Western Cement intends to issue senior notes with an aggregate principal amount of US $400 million

West Cement (02233. HK) announced that on 25 November 2025, the Company and the Subsidiary Guarantors entered into the Purchase Agreement with CICC, HSBC and J. P. Morgan in connection with the issue of the Notes in the aggregate principal amount of US $400 million (being the US $400 million aggregate principal amount of 9.90% senior notes due 2028 to be issued by the Company).

2025-11-26 10:11:43

Announcement: The transaction is complete! Conch Cement officially takes over!

After the completion of the transaction, the target company involved will no longer be a subsidiary of West Cement, and its financial information will no longer be included in the comprehensive accounting of West Cement Group. In addition, the relevant target assets have been transferred to the corresponding asset buyers in accordance with the asset purchase agreement.

2025-08-25 10:28:00

Lee Kong Wai, Conway has been designated as the chief independent non-executive director of West Cement.

On March 24, Western Cement issued a notice. Lou Ka Keung was appointed as an independent non-executive director and a member of the audit committee of the Company, Lee Kong Wai, Conway was designated as the chief independent non-executive director, and Wang Rui was appointed as a member of the nomination committee of the Company.

2025-03-25 16:59:47

CEMPI

101.93

-0.05 -0.05%

CONCPI

90.47

-0.30 -0.33%

CLKPI

109.96

0.00 0.00%

SPPI

45.11

+0.07 +0.16%

MORPI

73.32

0.00 0.00%

Cement clinker production line with large production capacity should be supplemented with feasibility study first!

The Measures for the Implementation of Capacity Replacement in the Cement and Glass Industry (2024 edition) clearly States that the amount of capacity used for replacement shall be determined strictly in accordance with the capacity specified in the project filing (approval) documents. In the subsequent interpretation of the policy, it was said that in order to promote the unification of the registered capacity and the actual capacity, for the compliance production lines whose actual capacity is greater than registered capacity, the difference in capacity can be made up in accordance with these measures and the relevant procedures such as filing, environmental assessment and energy assessment can be improved. It is stipulated that the capacity of cement clinker production line used for technical transformation or completion of completed projects can not be transferred more than two projects.