China’s Anhui Conch Cement Co Ltd  said its board has approved the sale of an additional 200m A-shares to both institutional and individual investors to fund several cement and power generation projects.  
 
In a statement to the Shanghai Stock Exchange, the company said proceeds from the share sale will be used to construct 32 cement and power generation projects which cost 12.04 bln yuan.  
 
The plan is subject to shareholders’ approval.  
Advertisement