Anhui Conch to buy cement assets from parent

Anhui Conch to buy cement assets from parent
Published: 14 July 2006

Anhui Conch Cement Co, China’s largest cement producer by output, plans to buy cement-related assets from its parent, the Wall Street Journal reported, citing people familiar with the situation. 
 
Anhui Conch is also planning to boost its stake in at least one of its units by buying shares from minority shareholders, the newspaper said, citing unnamed sources.
 
Shares of Anhui Conch were suspended from trading in both Hong Kong and Shanghai yesterday due to a pending statement. 
 
"Some assets will be acquired from the parent company while some will be bought from others," the report cited a source as saying.