Conch largest shareholder completes restructuring

Conch largest shareholder completes restructuring
Published: 23 February 2004

Anhui Conch Cement Co Ltd has said its largest shareholder, Anhui Conch Group Co Ltd, has been restructured into a joint-stock company with approval of the Anhui provincial government.

State-owned company Anhui Investment Co Ltd holds a 51 per cent stake in Anhui Conch Group with total investment of 408m yuan, while Anhui Conch Investment has a 49 pct interest with total investment of 392m yuan.

Anhui Conch Group still holds a 49.57 per cent stake in the listed company.