, Taini held an interim meeting of shareholders, with 94.74% approval, to apply for initial public offering and listing in overseas securities markets through subsidiary Cimpor International Holdings. Zhang Anping, chairman of Taiwan Cement, stressed: "This matter is related to capital, governance and future development, as well as how we assume responsibility and create value, so that the company's next journey will be more stable and farther, and also make Taiwan Cement more trustworthy."
In response to shareholders' concerns about the impact of overseas listing on the parent company and existing shareholders, Zhang Anping, chairman of Taiwan Cement, said on the spot that the listing was to "add a leg" to Taiwan Cement and had no impact on existing shareholders. Taiwan Cement will maintain absolute control over Cimpor International and will be consolidated. Zhang Anping also mentioned: "We will talk to investment banks, the principle should be to issue new shares.". In the case of issuing new shares, there will be more funds to operate in Europe. In the past, Taiwan Cement talked about internationalization, but most of the sources of capital and credit were all in Asia. In fact, the capital market in Asia is very different from the cost of capital and credit in Europe. Zhang Anping emphasized: "Our listing price is definitely higher than price on our account now." In response to shareholders' inquiries about whether the funds are sufficient to support the future layout, Cheng Yaohui, general manager of Taiwan Cement Corporation, explained that according to the balance sheet of this year's semi-annual report, the total cash and time deposits of Taiwan Cement Corporation are about 148 billion yuan, of which the time deposits are listed in the financial assets measured at amortized cost.
Zhang Anping also mentioned when answering questions that the situation in Asia this year is very bad. Basically, the operation of Taiwan Cement in Asia is not profitable, but now we have Europe, and we will still make money by the end of the year. He also mentioned: "I think Taiwan's carbon fees will rise, but Taiwan does not have transnational carbon tariffs.". As a result, Taiwan's production has been greatly affected by competition in Southeast Asia. On the contrary, the low-carbon and carbon-reducing technologies we have in Taiwan have not played a big role in the Asian market. "So under such great pressure, we still have a choice of European revenue, so that the shareholders of Taiwan Cement can still have a not good enough income in the case of such a poor market decline in recent years, but at least there is income, and part of it is allocated to the shareholders of Taiwan Cement as dividends."
Zhang Anping also pointed out at the shareholders' meeting that artificial intelligence is ushering in a new mission for the cement industry. "Invisible wisdom needs visible foundation; invisible innovation needs tangible bearing.". Cement may not appear on the screen, but it bears the weight behind the screen. These silent and solid foundations enable AI to operate and new possibilities to be realized. "Taiwan Cement should make the materials that support intelligence more low-carbon and more durable, so that the resource cost of building the future can be reduced as much as possible," he said.
For the future development, Zhang Anping stressed: "In the future, we will continue to improve factories, develop low-carbon materials, improve energy efficiency, and invest in renewable energy, energy storage and resource recycling.". These jobs require capital and technology, as well as time and patience. He stressed that the listing will enable the company to accept more extensive, more stringent and continuous testing, "every figure must have a basis.". Every prediction must have logic. Every promise must bear the weight of implementation. On the same day,
Taiwan Cement held an interim meeting of shareholders to apply for initial public offering and listing in the overseas securities market through its subsidiary Cimpor International Holdings.
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