Singapore’s Ube takes 10-pct stake in Tokyo Cement


June 28, 2017 (LBO) – Ube Singapore Holdings Pvt, a Japanese group operating businesses in the Southeast Asian region, has acquired a 10 percent stake in Sri Lanka’s Tokyo Cement Company (Lanka), a statement said.

In a stock exchange filing Tokyo Cement Company said that 10,692,000 ordinary voting shares of the company was bought at 72 rupees each.

The deal was valued at 769.8 million rupees.