en.Wedoany.com Reported - Far Eastern New Century Corporation (Taiwan) acquired a 2.4% stake in Asia Cement (China) Holdings Corporation (00743.HK) in June 2026 through its subsidiary Yuan Tone Investment for US$11.7 million (approximately NT$371 million). Following this increase, Far Eastern New Century's total shareholding in Asia Cement (China) has further risen. The transaction was disclosed in a filing with the Taiwan Stock Exchange.

Founded in 1942 and headquartered in Taipei, Taiwan, Far Eastern New Century Corporation is Taiwan's largest diversified textile and related products manufacturer. The company's business covers a vertical industrial chain including petrochemical raw materials, chemical fibers, spinning, weaving and dyeing, and garments, with production bases in Taiwan, mainland China, Japan, the United States, Vietnam, and Malaysia. As the world's largest manufacturer of food-grade recycled polyester pellets (rPET), Far Eastern New Century is deeply engaged in the circular economy, with green products accounting for 40% of its revenue in 2025.

Asia Cement (China) Holdings Corporation was incorporated in the Cayman Islands in April 2004 and is a core subsidiary of Taiwan's Far Eastern Group. The company is primarily engaged in the production and sale of cement, clinker, ready-mixed concrete, and related products. After over 20 years of development, Asia Cement (China) has established multiple modern cement production lines in Jiujiang (Jiangxi), Chengdu (Sichuan), Wuhan and Huanggang (Hubei), among other locations. It owns 21 subsidiaries and three strategic partners, with an annual cement production capacity of 35 million tons, ranking 10th in China's clinker production capacity, and total assets of approximately RMB 22 billion. The company is particularly prominent in green mine construction, with eight mines having obtained green mine certification.

This transaction represents a further increase in Far Eastern New Century's stake in Asia Cement (China). Previously, Far Eastern New Century held a 23% minority stake in Asia Cement (China). In June 2025, Far Eastern New Century had sought to sell part of its shares for US$63.2 million. As the controlling shareholder of Asia Cement (China), the Far Eastern Group holds approximately 73.07% of the company's shares. This increase further consolidates the Far Eastern Group's control over Asia Cement (China) and reflects Far Eastern New Century's strategic recognition of the long-term value of the cement business.

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