International Cement Group (formerly Compact Metal Industries), a cement producer and distributor in the Central Asia region, announced that its 1H20 earnings have increased by some 23% to $6.0 million from $4.9 million in 1H19. This translates to earnings per share of 0.1 cent, up from 0.9 cent las...

THE Singapore Exchange has granted International Cement Group a six-month extension to Dec 4, 2020, to exit from its watch list under the minimum trading price (MTP) entry criteria.

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INTERNATIONAL Cement Group (ICG) has called off its proposed US$104.4 million cash purchase of African cement producer Schwenk Namibia, the watch-listed cement producer said in a bourse filing on Monday morning.

THE following companies saw new developments that may affect trading of their shares on Monday:

INTERNATIONAL Cement Group (ICG) has called off its proposed US$104.4 million purchase of African cement producer Schwenk Namibia, the watch-listed cement producer said in a bourse filing on Monday.

INTERNATIONAL Cement Group (ICG) has extended, by six months, the long stop date to fulfil the closing conditions of its proposed US$104.4 million purchase of African cement producer Schwenk Namibia.

THE Singapore Exchange (SGX) has rejected International Cement Group's (ICG) proposed US$104.4 million purchase of Schwenk Namibia for failing to meet certain thresholds relating to a very substantial acquisition (VSA), said the watch-listed cement producer on Monday.

SGX also ordered ICG to conduct pre-deal anti-money laundering due diligence on the source of funds for any future major transactions or very substantial acquisition. The post SGX rejects International Cement Group’s proposal to buy Namibian firm appeared first on DealStreetAsia.

ICG will settle this acquisition in cash through third-party financing or borrowings. The post SG-listed International Cement Group to buy Namibian firm for $104m appeared first on DealStreetAsia.