China’s Anhui Conch shareholders approve share sale

China’s Anhui Conch shareholders approve share sale
16 August 2007


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.

Published under Cement News