Anhui Conch Cement Co., Ltd. (00914.HK, 600585.HK) said in an exchange filing on Tuesday that its parent company Anhui Conch Holdings Co., Ltd raised its stake in the unit by 1.244 million shares, or 0.02 percent of the issued stock, through subsidiary Anhui Conch Building Materials Design Centre (Conch Design). Before the increase, Conch Design held 28.953 million shares in Conch Cement, representing about 0.55 percent of the company’s issued shares. Conch Holdings and Conch Design now hold around 36.77 percent of Conch Cement. Conch Holdings said it will continue to raise its stake in the company via Conch Design over the next 12 months but these purchases will not exceed 2 percent of the total, it said.
– Contact HKEJ at [email protected]