Koo Chung-liang Invests Nearly $64 Million More in Taiwan Cement, Boosting Stake to 8.65%

Koo Chung-liang, chairman of the CTBC Charity Foundation and a major shareholder in Taiwan Cement Corporation (TCC), has significantly increased his stake in the company through recent stock purchases. Between May 15 and June 8, Koo acquired an additional 86,416 TCC shares via the stock exchange, investing nearly NT$2.08 billion (approximately $64 million USD). The average price per share during this period was NT$24.04.

This latest investment brings Koo's total holdings in TCC to 668,053 shares, raising his ownership percentage from 7.53% to 8.65%. The funds for this acquisition were a mix of NT$1.178 billion from his own capital and NT$900 million in loans.

Koo's substantial investment in TCC began earlier this year. On April 8, he had already announced the purchase of 406,167 TCC shares for NT$10.167 billion, which represented 5.26% of the company's equity and made him TCC's largest shareholder at the time. He continued to increase his holdings in subsequent periods, adding more shares in late April and May.

These consistent and large-scale investments underscore Koo Chung-liang's strong confidence in Taiwan Cement Corporation's prospects. His cumulative investment now stands at approximately NT$16.5 billion (around $510 million USD), solidifying his position as a key figure in the company's ownership structure.