Date
24 October 2017

Anhui Conch Cement unaffected by Conch Group deal, paper says

Anhui Conch Venture Investment Co. Ltd. recently sold 49 percent stake in Anhui Conch Group, which is in turn a key shareholder in Anhui Conch Cement Co. Ltd. (00914.HK, 600585.HK), the Securities Times reported Sunday. The stake was sold to a company based in Wuhu city, the report said, without giving the value of the deal. Anhui Conch Cement, meanwhile, said the deal will not have any material impact on its operations. It pointed out that the company is still directly controlled by the Anhui bureau of the State-owned Assets Supervision and Administration Commission.

– Contact HKEJ at [email protected]

EL/AC/RC

 

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