BRIEF-Taiwan Cement plans privatization of TCC International Holdings via Scheme of Arrangement with unit

April 21 (Reuters) - Taiwan Cement Corp :

* Says the company plans to fully acquire TCC International

Holdings Ltd (TCCIH), jointly with co's unit TCC

International Limited (TCCI)

* Says the company plans to issue up to about 7.7 million

new shares to be used for privatization of TCCIH

* Co's unit TCCI is holding 63.05 percent stake of shares

and 494.3 million shares of convertible preferred stock in TCCIH

currently

* Co plans to offer price of HK$3.6 per share or 0.42 share

of co's stock in exchange for one share of common stock of

TCCIH, and HK$3.93 per share or 0.46 share of co's stock in

exchange for one share of convertible preferred stock of TCCIH

* Says if the privatization success, TCCIH will be delisted

from HKEX and become wholly owned unit of co

Source text in Chinese: https://goo.gl/aVWDKy

Further company coverage:

(Beijing Headline News)