China’s Anhui Conch shareholders approve share sale

China’s Anhui Conch shareholders approve share sale
Published: 16 August 2007

Anhui Conch Cement Co Ltd said its shareholders have approved the sale of an additional 200m A-shares of the company to institutional as well as individual investors. The company said earlier that proceeds from the share sale will be used to construct a sizeable number of cement and power generation plants costing 12.04 bln yuan. Anhui Conch’s Shanghai-listed A-shares last traded at 57.07 yuan on Tuesday, up 3.48 per cent.