Cement News tagged under: Credit Suisse Group

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Credit Suisse sells holdings in Anhui Conch Cement

04 July 2014, Published under Cement News

Credit Suisse Group AG sold 805,174 shares in Anhui Conch Cement Co Ltd worth HK$ 21.95m (US$2.8m) on 23 June 2014, sources reported, citing information from the Hong Kong Stock Exchange. After the sale, the Switzerland financial institution still holds 103.10m shares in the Anhui Province-based cement producer, accounting for a 7.93 per cent stake. Earlier this week, Anhui Conch issued a positive profit alert saying it expects first-half net profit up about 90 per cent YoY compared to CN...