JPMorgan acquires 2.41m H-shares in Conch Cement

JPMorgan acquires 2.41m H-shares in Conch Cement
Published: 18 October 2012


JPMorgan Chase & Co purchased 2.41 million H-shares in Anhui Conch Cement Co Ltd, a major cement producer in China, at HK$ 24.28 per share, a total value of HK$ 58.62 million, media reported, citing information released by the Hong Kong Stock Exchange.

After the purchase, JPMorgan will hold 197.21 million shares (or a 15.18% stake) in Conch Cement. (Source: China Business Newswire)