Fujian Cement Inc has sold a combined 12m shares in Industrial Bank Co Ltd at CNY10/share between 30-31 December 2013, the company announced in a statement.

The Fujian Province-based cement manufacturer will earn CNY87.82m (US$14.5m) in investment income from the deal.

Fujian Cement continues to hold 50.4 million shares in the Industrial Bank.

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