Nepal: Shivam Cement has received approval from the Securities Board of Nepal (SEBON) to launch an initial public offering. It will be the first cement producer in the country to become public, according to the Republica newspaper. Shivam Cement operates a 1250t/day plant and it has a captive limestone mine. The company also holds a 30% share in Hongshi-Shivam Cement, a Nepalese-Chinese joint venture that has started trial production at the Hongshi Cement near Dumkibaas in Nawalparasi district.
Shivam Cement approved to launch initial public offering
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