Anhui Conch raises stake in Jidong Cement, China

Anhui Conch raises stake in Jidong Cement, China
Published: 08 December 2011

Hebei Province-based cement manufacturer Tangshan Jidong Cement Co Ltd announced yesterday that Anhui Conch Cement Co Ltd bought 6.07 million shares or a 5% stake in it through a block trade, sources reported.

After the acquisition Anhui Conch Cement now holds 182 million shares, or a 15.05% stake, in Tangshan Jidong Cement.