Anhui Conch Cement Receives Non-Compete Undertaking from Controlling Shareholder for Wanwei Holdings Acquisition
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Anhui Conch Cement Company Ltd. announced that its controlling shareholder, Anhui Conch Holdings, has issued a non-compete undertaking related to its planned acquisition of Anhui Wanwei Holdings through a capital increase. This is to mitigate competition risks due to potential overlaps in cement production. No binding agreements have been signed yet regarding the acquisition or management of cement assets, and the company will provide updates as necessary.
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