China’s Anhui Conch Cement Co said it is raising its compensation offer to public shareholders to 15 yuan in cash -- or 2.55 bonus shares -- per 10 tradable shares, in its plan to float its state-held shares. Its previous offer was nine yuan in cash per 10 shares. Shareholders will vote on the plan on Feb 20. Shares of the company will resume trading Feb 6 at the latest. Shares were suspended from trading Jan 16. Published under Cement News
China’s Anhui Conch Cement Co said it is raising its compensation offer to public shareholders to 15 yuan in cash -- or 2.55 bonus shares -- per 10 tradable shares, in its plan to float its state-held shares. Its previous offer was nine yuan in cash per 10 shares. Shareholders will vote on the plan on Feb 20. Shares of the company will resume trading Feb 6 at the latest. Shares were suspended from trading Jan 16. Published under Cement News
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