West China Cement a small cap success story?
If you bought West China Cement (WCC) shares in the early part of this year and your still on board then it has been a profitable ride. WCC a small Chinese cement company that is listed on the AIM has seen a steady climb across the year on some very strong figures.
Back in January along with most other companies, its shares were bouncing along the bottom at 59.00p rising to around 480.00p in October. Now that is a good return by anyone’s standard. Add the recent news that West China Cement has submitted a listing application to Hong Kong’s stock exchange, aiming to raise more than HK$7 billion ($903 million) in 2010 (according to Reuters) then the news should get even better.
Recent large investors include AXA Investment Management who has added (Zhang Jimin’s) West China Cement to their emerging-markets talents fund. The fund consists of a shortlist of 400 entrepreneurial companies (according to Asian Investor).
Virgin
