Asia Cement (China) Seeks Shareholder Approval to Extend and Upsize Connected Supply Deals to 2028
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Asia Cement (China) Holdings is seeking shareholder approval to extend and increase connected supply agreements with related parties until 2028. The agreements involve revising annual caps for sales and purchases of clinker, cement, and slag powder for 2026. Due to the size of these transactions, independent shareholders' approval is required at an extraordinary general meeting. The company aims to ensure that the extended arrangements are on normal commercial terms and in the interests of all shareholders. Asia Cement holds approximately 73% of the company and controls related subsidiaries.
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