Aug
11

Shanshui Bonds Jump Most on Record as Buyout Proposal Firms

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China Shanshui Cement Group Ltd.’s dollar bonds soared the most on record after two of its shareholders said they’ll make a cash offer to buy out the cement maker.

Shanshui’s $500 million 7.5 percent notes due 2020 jumped 4.86 cents to 98.5 cents on the dollar as of 9:30 a.m. in Hong Kong, the highest since May 21. State-owned China National Building Material Co. and Taiwan’s Asia Cement Corp., which combined hold a 37.6 percent stake, said today they’ll make a joint conditional cash offer to acquire all the outstanding shares they don’t already control…

Shanshui Bonds Jump Most on Record as Buyout Proposal Firms

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