Anhui Conch improves share compensation

Anhui Conch improves share compensation
Published: 25 January 2006

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.