Anhui Conch Cement Co Ltd said its shareholders have approved the sale of an additional 200m A-shares of the company to institutional as well as individual investors. The company said earlier that proceeds from the share sale will be used to construct a sizeable number of cement and power generation plants costing 12.04 bln yuan. Anhui Conch’s Shanghai-listed A-shares last traded at 57.07 yuan on Tuesday, up 3.48 per cent.

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